Interline Brands, Inc. (NYSE:IBI), Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, has acquired Northern Colorado Paper Inc., a distributor of janitorial and sanitation supplies for $9.5 million in cash.
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Founded in 1978, NCP is a regional Jan-San distributor in Greeley, CO, serving institutional facilities in the healthcare, education and food service segments. NCP generated $40 million in revenue in 2010 and has 115 full-time employees.
Michael J. Grebe, Interline's Chairman and CEO, said: "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."
