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01.03 15:49:23

United Stationers acquires e-commerce software company - USA

US wholesaler United Stationers has acquired all of the outstanding capital stock of MBS Dev, Inc., a software solutions provider to business products resellers.

 

The purchase price of $15 million, and an additional $3 million earn-out based on achieving certain financial goals will be funded under United's existing credit agreement.

 

"Enabling our customers and suppliers to leverage the power of the Internet to drive profitable growth remains a core strategy for United Stationers," commented Richard W. Gochnauer, president and chief executive officer. "We made a number of advances in our on-line merchandising and marketing capabilities in 2009, and expect to further accelerate those efforts with the recent acquisition of MBS Dev."


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