JACKSONVILLE, Fla. -- Interline Brands, Inc., a leading distributor and direct marketer of maintenance, repair and operations ("MRO") products, announced today that it has acquired substantially all of the assets of Northern Colorado Paper, Inc. ("NCP"), a distributor of janitorial and sanitation ("Jan-San") supplies for approximately $9.5 million in cash.
Founded in 1978, NCP is a leading regional Jan-San distributor headquartered in Greeley, Colorado, primarily serving institutional facilities in the healthcare, education and food service segments. NCP generated approximately $40 million in revenue in 2010 and has approximately 115 full-time employees.
Michael J. Grebe, Interline's Chairman and Chief Executive Officer commented, "The acquisition of NCP is consistent with our strategy of acquiring businesses with leadership positions in attractive markets and complements our recent acquisition of CleanSource. In particular, this transaction further enhances our presence and scale in the Western United States and builds on our leading position in the Jan-San space. We expect this acquisition to be accretive to earnings in 2011 by $0.01 to $0.02 per share."
