DataSource Acquires Missouri Distributor
April 16, 2009
DataSource Inc. (asi/174103), a print supply management company located in Kansas City, announced yesterday it has acquired FRI Resources (asi/191076). The St. Louis-based distributor does commercial printing as well as promotional products and boasts a clientele that includes American Express, US Soccer Federation and Dent Wizard. Financial terms of the deal were not revealed. "We are very excited about this new deal," says David Holland, president of DataSource. "Our combined capabilities will expand our market presence and take our customer service to another level while fulfilling our strategic objectives for growth."
FRI will immediately begin selling under the Data Source name and keep its 75,000 square feet of offices and warehouse space. "Joining DataSource is a win-win for our customers, our employees and the company's founders," says George Crump, CEO of FRI Resources. "Our sales executives and staff are very supportive of this deal. They were especially excited about the enterprise solutions, new technology and cost reduction tools they will be able to bring to our customers."
FRI previously reported $1 million in ad specialty sales to ASI's CreditConnect service. DataSource previously reported nearly $22 million in sales, with almost $2 million of that coming from ad specialties.