Transaction Represents 80^th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Imperial Dade, a leading distributor of foodservice packaging, printing papers and janitorial supplies, today announced the acquisition of Les Produits Sanitaires Royal Net (“Royal Net” or the “Company”). The transaction represents the 80^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. Imperial Dade remains committed to the strategic focus created more than 15 years ago to continue to grow both through organic initiatives and a disciplined acquisition process.

Founded in 1987, Royal Net has a 35-year operating history as a leading distributor of janitorial supplies and other paper and packaging products. Currently led by Riccardo Capocci, Royal Net is a key partner for its customers across Quebec by providing a diverse product offering and on time deliveries. The Company focuses on customer service and fostering a strong culture amongst its employee base. By leveraging Imperial Dade Canada’s market leading platform, Royal Net customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.

"I enthusiastically welcome the Royal Net family to Imperial Dade, this is yet another step in our journey to be the leading specialty distribution business in North America," said Jason Tillis, CEO of Imperial Dade. "I look forward to working with Riccardo and the Royal Net family. With this new partnership, we’ll expand our reach, service and support in Quebec," said Stephane Lapointe, President of Imperial Dade Canada.

“Everyone at Royal Net is excited to join a growing organization with shared values, great culture and a focus on the customer. We could not have imagined a better partner in this next chapter of growth,” said Riccardo Capocci, President and CEO of Royal Net.

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, industrial products and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131532970/en/