Imperial Dade Has Acquired Joshen Paper & Packaging of New Jersey

JERSEY CITY, N.J.–(BUSINESS WIRE)–Imperial Dade has entered a Management Services and Inventory Purchase
Agreement, effective immediately, to manage, oversee, and operate the
Edison, New Jersey branch of Joshen Paper & Packaging (“Joshen”) through
a three-month transitionary period and ultimately integrate operations
into Imperial Dade’s existing Jersey City, NJ and Bordentown, NJ
locations.

Joshen Paper & Packaging is a Cleveland, OH based distributor of
janitorial, sanitation, packaging and office supply products. Going
forward, customers of Joshen’s Edison, New Jersey branch can expect the
same exceptional customized service that Imperial’s customers experience
today with an expanded offering of distribution solutions.

Robert Tillis said, “We are committed to a smooth transitionary period
and look forward to providing excellent service to the customers of
Joshen’s New Jersey branch and further growing our business in the
tri-state area.”

Bob Reiner, CEO of Joshen, said “We are excited about Joshen’s New
Jersey branch’s future under the leadership of Imperial Dade. Our
customers can expect the same great service and responsiveness with
access to a broader product offering going forward.”

Jason Tillis said, “The addition of Joshen’s New Jersey branch
represents another step towards creating the nation’s leading provider
of foodservice disposables and janitorial supplies and is a good example
of our M&A, finance, IT and operational teams’ ability to work together
and creatively find solutions to grow our business.”

About Imperial Dade

Founded in 1935, Imperial Dade is a leading distributor of disposable
food service and janitorial supplies in the Northeast, Mid-Atlantic,
Southeast, Southwest and Midwest regions and Puerto Rico. Since CEO
Robert Tillis and President Jason Tillis assumed their roles in 2007,
the company has grown both organically and through acquisitions to
become a leader in the disposable food service and janitorial supplies
industry. For additional information, please visit www.imperialdade.com.

Contacts

Imperial Dade
Paul Cervino, 201-437-7440

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