BradyIFS acquires Millennium

BradyIFS, a distributor of disposable foodservice and cleaning and sanitation products, has acquired Millennium Packaging & Distribution (“Millennium”), headquartered in San Antonio, Texas. Millennium is a leading distributor of foodservice disposables, dry goods, janitorial products, cleaning and installation supplies throughout Texas and the Midwest. Terms of the transaction were not disclosed.

The acquisition expands BradyIFS’s commercial presence and distribution in Texas and the Midwest, and provides Millennium customers with access to an expanded suite of products and services.

“I am delighted to welcome the Millennium team to BradyIFS. Millennium fits well with our strategy to strengthen our presence and reach in the mid-US as we continue to build a national platform. We are excited to partner with Bob Knoll and his amazing team of associates as we continue to build BradyIFS. Says Kenneth Sweder, CEO and Chairman of the Board of Directors of IFS.

“We are thrilled to join BradyIFS because we know that the combination of BradyIFS and Millennium will bring significant levels of support and value to our customers, suppliers and employees,” said Bob Knoll, President of Millennium. “BradyIFS is the right partner for us as we double our investments to ensure we continue to exceed our customers’ expectations. “

Stifel acted as the exclusive financial advisor to Millennium.

In October, BradyIFS also acquired two distributors based in California. Read more about it here.

Disclaimer: Please note that Facebook comments are posted through Facebook and cannot be approved, edited or declined by CleanLink.com. The opinions expressed in Facebook comments do not necessarily reflect those of CleanLink.com or its staff. To learn more about commenting on Facebook, please read the conversation guidelines.


Source link