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JERSEY CITY, N.J.--May 24,2017---Dade Paper & Bag Co. (“Dade”), a leading distributor of food packaging, paper products, foodservice disposables, and janitorial & sanitary supplies based in Miami, Florida has entered into a definitive agreement to combine with Imperial Bag & Paper Co., LLC (“Imperial”), one of the nation’s leading distributors of disposable food service and janitorial supplies. The combined business will have total revenues over $1.0 billion. The transaction is expected to close in June.

"The strategic decision to partner with Imperial will greatly benefit our customers and employees," said Frank Sansone, COO of Dade. "With Imperial we will soon be able to offer our customers a broader product offering and service across a wider footprint. The combined company’s culture and commitment to growth provide a great work environment and career advancement opportunities for our team throughout our combined footprint."

"The partnership with the Dade organization will significantly expand our reach into the Southeast and Mid-Atlantic markets, allowing us greater geographic coverage and ability to serve a broad customer base," stated Robert Tillis, Imperial CEO. "Together, our businesses will share best practices and provide a platform for future organic growth. We look forward to combining the Dade and Imperial families soon, and offering customers additional products and services from the people they already know and trust."

"The combination of Imperial and Dade transforms us into a leading player poised for growth. The combined business will continue to focus on acquiring great companies with exceptional teams," said Imperial President, Jason Tillis. "We look forward to working with Frank and his team to continue building the business through new customers, additional products and services, and acquisitions."

About Dade Paper

Founded in 1939, Dade distributes foodservice disposables and janitorial supplies to restaurants, supermarkets, cruise lines, hotels and motels, schools, convention centers, stadiums, and other foodservice establishments. Dade primarily services the Southeast and Mid-Atlantic markets reaching from Florida to Maryland with additional locations in the Tri-State and Northeast regions. Dade Paper is a leading distributor of foodservice disposables and janitorial supplies serving customers across more than twenty states with an emphasis on supermarkets, foodservice providers, cruise lines and schools. For more information, visit www.DadePaper.com.

About Imperial Bag & Paper

Imperial, headquartered in Jersey City, New Jersey, is one of the nation's leading distributors of disposable food service and janitorial supplies for supermarkets, schools, “grab-n-go” convenience stores and retailers. Imperial was formed in 1935 and was purchased by the current CEO, Robert Tillis, and President, Jason Tillis, in 2007. Under Robert and Jason’s leadership, the company has grown both organically and through acquisitions to become one of the foodservice disposables and janitorial supplies industry leaders. For more information, visit www.ImperialBag.com.

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