STCC Acquisition Committee has accelerated the negotiations of its next acquisition target

NEPTUNE, N.J., Oct. 30, 2013 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. ( STCC ) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that its Acquisition Committee (the "Committee") has accelerated the negotiations of its next acquisition target as the Company looks to further consolidate the highly fragmented O-ring distributor market. Following the Company's initial acquisition of Superior Seals and Service, the Committee has increased its efforts as Sterling continues to position itself as a growing and leading supplier of hydraulic and pneumatic seals.

The Acquisition Committee has expanded its target list that includes potential strategic companies to be acquired in the following states:

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  Florida

  
  


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  New Jersey

  
  


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  Pennsylvania

  
  


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  West Virginia

  
  

Darren DeRosa, Chief Executive Officer of Sterling Consolidated, commented, "With our first acquisition completed, sooner that expected, we are continuing to execute on our business plan. We are aggressively structuring deals with additional O-ring distributors that will help expand Sterling's footprint. We have targeted several regionally strategic and well run companies along the East Coast, as we are intent on rapidly growing our Company."

The Committee continues to perform due diligence on several candidates as it looks to strategically incorporate companies that will help further Sterling's business strategy and increase shareholder value. Sterling will continue to provide updates as it nears and completes additional acquisitions.

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