Company acquires safety businesses ML Kishigo and Neri.
Latest In Jan-San Distribution
Essendant CEO says company's industrial business won't rebrand.
Company looks to increase percentage of own brand in sales.
Company adds supply chain solutions company to portfolio.
Company also reports sales Up 14% in 2016.
Fourth-quarter sales down 3.3 percent year-over-year.
Two years ago, Essendant rebranded from United Stationers to align its businesses under one operating platform and better position itself in a crowded marketplace. At the company’s show for suppliers and customers earlier this month in Las Vegas, NV, Bob Aiken, president and CEO, and Keith Dougherty, senior vice president of merchandising, inventory and pricing for office and facilities, spoke with MDM Associate Editor Eric Smith about the company’s recent strategic decisions.
This article includes:
- An overview of Essendant and its offerings
- The company's top goals as it enters foodservice sector
- The company’s refocused brand positioning
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Company sees pro customers as huge growth driver for 2017.
Company refocuses brand positioning, expands product categories.
Company acquires Woodway and Packaging Film Sales.
Company agrees to acquire Prorisk and GM Equipement and Sbe Compagniet.
Building materials sector also active in M&A last month.
Sales for the first nine months up 1.2 percent year-over-year.
Company also announces sales up 7 percent for first nine months of year.
Company also announces sales up 10 percent for first six months of year.
Alan Tomblin will start his role as president & CEO on Nov. 1.
Company's changes include not replacing outgoing COO Tim Connolly.
Declines in industrial and jan-san segments offset by increases in automotive and office products.