$STCC Darren DeRosa, Chief Executive Officer of St
Post# of 145205
Posted On: 11/25/2013 11:56:36 AM
$STCC Darren DeRosa, Chief Executive Officer of Sterling Consolidated, commented, "The third quarter was very successful as we increased revenues, controlled costs and secured financing for our future growth. After becoming a public company our goal was to consolidate the highly fragmented O-ring distributor market. We began to execute on this objective with the acquisition of Superior Seals and Service in the third quarter, which was completed earlier than expected. Our acquisition committee has ramped its efforts to expand our addressable targets, and there are a number of regionally strategic and well run companies along the East Coast that we are in advanced discussions with. We expect to close additional acquisitions over the coming quarters that will immediately add to our top and bottom line."
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