United Stationers Inc. (NASDAQ: USTR), Deerfield, IL, through its wholly-owned subsidiary United Stationers Supply Co., has agreed to acquire O.K.I. Supply Co. for an all-cash purchase price of $90 million.
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Based in Cincinnati, OH, O.K.I. is an independently-owned welding, safety and industrial products wholesaler. O.K.I. has annual revenues of $150 million. In addition to its nine locations in the U.S., O.K.I. has operations in Canada and Dubai, UAE.
\”The O.K.I. acquisition represents a very important step forward for our wholesale industrial products platform,\” said Cody Phipps, president and CEO of United Stationers. \”O.K.I.’s deep product knowledge, commitment to customer service, and dedicated employees complement the same capabilities in our ORS Nasco business, and will benefit from the logistics capabilities and financial strength of United.\”