Posted On: 01/12/2014 11:12:52 PM
Post# of 145151
$STCC customer base increased 5% during the full year of 2013
NEPTUNE, N.J., Jan. 10, 2014 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. ( STCC ), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that following its acquisition and ongoing growth, the Company's customer base increased 5% during the full year of 2013.
Sterling Consolidated has continued to expand its O ring distribution network in the Northeast which has led to a significant increase in its customer base. Management is confident that their competitive offerings have positioned the Company for continued growth and expect similar, if not greater results in 2014.
Darren DeRosa, Chief Executive Officer of Sterling Consolidated, stated, "Our aggressive sales efforts coupled with our superior product pricing have driven growth as we continued to expand our footprint in the Northeast region. Throughout 2013, we focused on growing our business organically, and ultimately, our customer base grew 5%. During 2013, one of our potential acquisition targets decided to expand our relationship by becoming a customer, which validated the industry-leading value of our distribution offerings. We plan to continue to execute upon our business strategy and stimulate top line revenue growth for the future." http://finance.yahoo.com/news/sterling-consol...ntentstory
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