Top 40 distributor American Solutions for Business (asi/120075) has acquired the Peter Kleine Company (asi/243420). Financial terms of the deal were not revealed.
“We’re pleased to welcome the Peter Kleine group to the American family,” said Justin Zavadil, executive vice president at ASB. “Their team of sales associates and support staff bring extensive experience in serving the promotional needs of clients nationwide.”
For 30 years, the Peter Kleine Company has worked in the promotional products and incentive awards business, most recently serving a client base of more than 200. The company is made up of approximately 12 employees and will continue to do business from its 36,000 square foot warehouse facility in Lititz, PA. The distributor will maintain its identity as Peter Kleine Company, a division of American Solutions for Business.
Former owner Peter Kleine will remain with the company and play an active role in driving future direction along with Eric Sheron and Michael Tornvall, partners in ASB’s King of Prussia, PA, location. Sheron and Tornvall will be managing the operations for the business center.
“Pete and his entire team are known for unparalleled customer service and their dedication to creative marketing solutions,” Sheron said. “The acquisition of Peter Kleine by ASB creates a unique entity by combining the print management and promotional products expertise of both groups. The combination of these two companies will enable us to offer existing clients and prospects a more diverse product offering, additional expertise, enhanced ecommerce and technology tools along with an expanded fulfillment and distribution footprint. Their mission fits so well with that of American Solutions for Business, and we see Peter Kleine Company as a fantastic addition.”
Based in Glenwood, Minnesota, ASB serves approximately 37,000 clients across North America. In the 2016 Counselor Top 40 rankings, American Solutions for Business ranked as the 13th largest distributor with estimated North American promotional product revenue of $133.3 million.