United Stationers has announced that its wholly-owned subsidiary, United Stationers Supply Co., has completed the purchase of 100 percent of the outstanding shares of CPO Commerce Inc.
A press release states CPO is an e-retailer of brand name power tools and equipment with proficiency in building and managing high performing online businesses. CPO's fiscal year 2013 sales were $78 million, with a sustained track record of double-digit annual growth
United Stationers is a supplier of business essentials, with 2013 net sales of $5.1 billion. The company stocks a broad assortment of technology products, traditional office products, janitorial and breakroom supplies, office furniture, and industrial supplies. The company is headquartered in Deerfield, Illinois.
Note: This news release contains forward-looking statements, including references to goals, plans, strategies, objectives, projected costs or savings, anticipated future performance, results or events and other statements that are not strictly historical in nature.