Imperial Dade Announces the Acquisition of Cosgrove Enterprises, Inc.

Transaction Represents 33^rd Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Products

JERSEY CITY, N.J. & MIAMI--(BUSINESS WIRE)--Imperial Dade, a leading distributor of food service packaging and janitorial supplies, today announced the acquisition of Cosgrove Enterprises, Inc. (“Cosgrove”). The transaction represents the 33^rd acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

Headquartered in Miami, Florida, Cosgrove is a leading distributor of janitorial supplies with six total facilities across Florida, Georgia and Tennessee. With over 40 years of experience, the company has built a strong reputation for its knowledgeable sales force, wide breath of products, and high touch customer service.

Together, the Imperial Dade platform will operate 74 facilities across the country and solidify its position as the national leader in specialty distribution. By leveraging Imperial Dade’s existing market leading platform in the southeast, Cosgrove customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions. Imperial Dade remains critical to the supply chain and this acquisition reinforces our commitment to provide essential supplies to our customers during these difficult times and going forward.

“Cosgrove’s strong reputation and track record of outstanding customer service make the Company a great addition to the Imperial Dade platform. We enthusiastically welcome the Cosgrove team members to our family,” said Robert Tillis. “Cosgrove’s commitment to customer service aligns well with Imperial Dade’s philosophy and values. We are excited to further strengthen our presence in the southeast and look forward to partnering with Greg and his team to capitalize on the many growth opportunities that we see ahead for the business,” said Jason Tillis.

“We are excited about the future of Cosgrove under the leadership of Imperial Dade. Our customers will receive the same outstanding service they have come to expect from us and a significantly expanded offering of products,” said Greg Rogers, President/CEO of Cosgrove Enterprises, Inc.

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 65,000 customers across the United States and Puerto Rico. Since CEO Robert Tillis and President Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the food service packaging and janitorial supplies industry. For additional information, please visit www.imperialdade.com.