Jersey City, NJ – July 1, 2019 – Imperial Dade, a leading distributor of disposable food service and janitorial supplies, today announced the acquisition of The Paper Company, Inc. The transaction represents the 23rd acquisition for the company under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. The investment will enable Imperial Dade to expand its West Coast presence into the Southern California market. Financial terms of the private transaction were not disclosed.

Headquartered in Irvine, CA, and founded in 1982 by Mike and Jody Madden, The Paper Company is a family owned and operated wholesale distribution business serving Southern California. By leveraging Imperial Dade's resources and experience, The Paper Company's customers can expect the same exceptional customized service with an expanded offering of solutions.

"The Paper Company's commitment to its customers and partners, along with its family operated culture, makes the business a great addition to the Imperial Dade platform," said Robert Tillis. "We are excited to expand our national footprint by entering the California market and look forward to working together with The Paper Company team to further grow the business."

"Imperial Dade is a market leader with a strong culture and differentiated service quality, and we are excited to join their family," said the Madden brothers. "Under the leadership of Jason and Bob, we believe this partnership will strengthen our strong customer and supplier relationships," "This acquisition is the next step in our ability to serve customers coast to coast as a national distributor," said Jason Tillis. "We look forward to partnering with The Paper Company team and continuing to provide customers with a world-class value proposition and service offering."

The Paper Company was represented by Keystone Capital Markets.