Imperial Dade Acquires S. Freedman & Sons, Inc., Expands Across Mid-Atlantic

Transaction Represents 96^th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

JERSEY CITY, N.J. & LANDOVER, Md.--(BUSINESS WIRE)--Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced the acquisition of S. Freedman & Sons, Inc. (“SFS” or the “Company”). The transaction represents the 96^th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

S. Freedman & Sons, Inc. is a fourth generation led business servicing customers in numerous states across the Mid-Atlantic. Boasting nearly a 120-year history, SFS is committed to continually providing superior service and products that meet and exceed customer expectations grounded in the founding principles of honesty, integrity and customer satisfaction. The Company commands an exceptional reputation in the market and operates with the same hyper focus on customer service as it had when it was founded. By leveraging Imperial Dade’s market leading platform, SFS’ customers can expect the same exceptional customized service coupled with an even more diversified offering of products and solutions.

"I am honored that Jeff, Dan and the entire S. Freedman & Sons team are now valued partners of Imperial Dade. SFS offers high quality products and service which aligns well with our customer-first approach," said Robert Tillis, Chairman of Imperial Dade. "We are excited to partner with SFS’ outstanding employees and look forward to investing in the Company’s continued growth across the United States," said Jason Tillis, CEO of Imperial Dade.

“On behalf of the entire S. Freedman & Sons team, we are thrilled to be part of Imperial Dade. Now in the market as one, I am excited for this next chapter of profitable growth. The resources and strategic support will enable us to continue our growth trajectory and strengthen our customer and supplier relationships,” said Jeff Freedman, CEO of S. Freedman & Sons.

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 120,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the foodservice, packaging, and janitorial supplies industry. For additional information, please visit www.imperialdade.com.