Facebook Twitter LinkedIn Google Plus RSS

Sterling Consolidated to acquire Pa. industrial distributor

By ,

Neptune-based hydraulic and pneumatic seals manufacturer Sterling Consolidated Corp. announced Monday its plan to acquire Pennsylvania parts distributor R G Sales Inc. Terms of the proposed acquisition were not disclosed.

According to the announcement, R G Sales' entire distribution business will become integrated into Sterling Consolidated's business and contribute directly to its top-line revenue stream when the acquisition closes. The company's recent bank financing of $2.42 million, secured during the fourth quarter of 2013, has allowed for the timely execution of this acquisition.

More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy