Global Industrial Acquires Indoff Inc
Indoff, a provider of promotional products, was acquired for $69 million
Global Industrial Company, a national distributor of industrial products and MRO supplies, announces that it has acquired 100% of the issued and outstanding equity interests of Indoff for approximately $69.2 million in cash.
Headquartered in St. Louis, Missouri, Indoff is a business solutions provider and distributor serving businesses across the U.S. and parts of Canada. For the past 50 years, Indoff has provided customers with a range of business solutions, including material handling/warehouse solutions, commercial interiors, and business and promotional products.
“Indoff is a strong and growing company and provides a great strategic fit with Global Industrial’s business and multi-channel sales model. Indoff’s network of more than 350 sales partners extends our one-to-one sales reach to new customers and markets,” states Barry Litwin, chief executive officer of Global Industrial Company. “In addition, strong core product alignment in material handling, indoor and outdoor furniture, storage and shelving, appliances, and other core categories, along with new service capabilities and project-related expertise, further strengthens our overall value proposition.”
Litwin continues, “We see a number of opportunities to enhance the value we collectively provide, including opening a new channel to deliver Global’s exclusive brand offering and national brand assortment and the broader utilization of B2B e-commerce platforms. We are excited to welcome Indoff’s employees and customers to the Global Industrial family and look forward to supporting their continued success.”
Indoff will continue to operate under its current brand and leadership team as a wholly-owned subsidiary of Global Industrial Company.
“This is an exciting time for our employees and our customers,” says Jim Malkus, chief executive officer of Indoff. “As part of Global Industrial, we will be in a stronger position to drive the value we provide our customers and support the continued expansion of the business.”
