GoodEarth Distribution LLC recently announced it completed the acquisition of ReStockIt.com from Acme Paper & Supply Inc.
The acquisition marks the first for the company, with more expected, under the leadership of founder and Chairman Stewart Mandler and CEO Rich Hebert.
The Fort Lee-based distributor of business and facilities supplies said all of the assets of ReStockIt.com have been acquired and the business will continue to be operated by its employees in Florida and integrated with GoodEarth corporate operations.
The acquisition scales GoodEarth’s presence in business supplies business-to-business e-commerce distribution while substantially enhancing both the company’s continuously growing assortment of proprietary and branded products as well as points of national distribution that it offers to its growing client base.
Based in Fort Lauderdale, Florida, ReStockIt.com is a full-service on-line distributor of business and facilities products, with a broad and deep assortment sourced from leading manufacturers and wholesalers.
Together with ReStockIt.com, the GoodEarth platform will offer clients online ordering and procurement management and fast delivery of more than 100,000 essential business supply products from distribution centers across the country.
“ReStockIt.com’s storied history in the industry, strong culture of product and service innovation, as well as efficient operations and intense customer focus, make it a complementary addition to the GoodEarth platform,” Stewart Mandler, chairman of GoodEarth said.
Financial terms of the private transaction were not disclosed. SAX Capital Advisors, New York, advised GoodEarth on the transaction.
