NEPTUNE, N.J., Oct. 1, 2013 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (OTCBB:STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that it has fully integrated its most recent acquisition, Superior Seals and Service. The acquisition of Superior Seals and Services, announced on September 20, 2013, provides the Company with an increased customer base and expedited delivery options to new and existing customers.
Since the purchase of its recent acquisition, Sterling Consolidated has integrated its business and accounting procedures with its new strategic North Carolina location. This integration has exposed established customers to new products which has led to increased revenue and enhanced service with new business stemming from Sterling's accounts.
"The integration of Superior Seal and Service has gone according to our acquisition strategy and we couldn't be more pleased," commented Darren DeRosa, Chief Executive Officer of Sterling Consolidated. "We have streamlined their accounting functions with ours and are able to process orders consistently and without interruption. We continue to provide our new and existing customers with the service that is universally expected of Sterling Consolidated. This is a significant step forward for our Company as potential acquisition targets see our ability to fully integrate in such an expedited manner that allows business to continue without missing a beat. It further proves out that our acquisition model of identify, negotiate, acquire, and integration is successful."
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply has been a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for more than 40 years. Through a combination of leveraging its logistical expertise and sophisticated, experienced management, the company intends to be an active and strategic consolidator of small- and mid-sized businesses within the highly-fragmented, multi-billion dollar seal industry. Currently serving more than 3,000 customers, Sterling offers acquisition targets a unique growth opportunity and competitive advantage through logistical expertise, strong regional branding and industry-specific distribution centers.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT: Communications Contacts: Todd Fromer / Phil Carlson KCSA Strategic Communications Phone: 212-896-1215 / 212-896-1233 Email: firstname.lastname@example.org / email@example.comSource:Sterling Consolidated Corporation