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.
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