Indoff Acquires Allied Appliance Sales
Financial Terms Not Released
St. Louis-based distributor Indoff (asi/231011) announced last week that it has acquired Allied Appliance Sales Company, a national appliance sales company also based out of St. Louis, MO. Financial terms of the transaction were not released.
"We're very excited about this acquisition," said Jim Malkus, president of Indoff. "The Allied organization shares our commitment to quality, service and providing value to our customers. We believe the two organizations will combine seamlessly."
Following the deal, Allied will operate as a division of Indoff. The transaction will also allow Indoff to expand the range of products that it provides, and the Allied organization will have access to Indoff's technology, financial assistance and customer base. "We think this is a logical extension of our product offering, and we are excited to be adding the talents and skills of the Allied group," said Malkus.
In addition to promotional items, Indoff is a distributor of items ranging from commercial interiors and storage products to office supplies and printing products. The company has more than 400 salespeople throughout the U.S., Canada, and Mexico.