Home » Platinum Equity Completes Purchase of Strategic Distribution
Platinum Equity Completes Purchase of Strategic Distribution
March 29, 2007
Platinum Equity, Los Angeles, CA, has completed its acquisition of Strategic Distribution, Inc., MRO distributor to industrial and institutional customers in the U.S., Canada, and Mexico.
The acquisition is a public-to-private transaction and Strategic Distribution Inc. has been delisted from the NASDAQ exchange, with each share of common stock converted into the right to receive $10 in cash per share.
In conjunction with the acquisition, Platinum Equity announced that Rudi Strobl has been appointed as CEO of the business. Strobl is a senior executive who previously served as Deputy CEO of DyStar, a Platinum Equity company that is a manufacturer of textile dyes.