Industrial Distribution Group, Atlanta, GA, which agreed to be purchased by private equity group Platinum Equity, commented briefly on the coming transaction in a conference call with analysts:
Platinum Equity already owns two distribution service-oriented companies -Strategic Distribution Inc. and Ryerson Inc. -that are involved in similar or related businesses to Industrial Distribution Group. We believe there are natural fits and potential synergies within Platinum Equity, and we look forward to discussing those with Platinum Equity and the management teams of their individual businesses,” CEO Charlie Lingenfelter said today.
Ryerson was acquired by Platinum in October 2007. Its CEO and CFO have since left the company. Ryerson is a $5.9 billion distributor and …
IDG Sees Synergies with Other Platinum Equity Companies
Industrial Distribution Group, Atlanta, GA, which agreed to be purchased by private equity group Platinum Equity, commented briefly on the coming transaction in a conference call with analysts:
Platinum Equity already owns two distribution service-oriented companies -Strategic Distribution Inc. and Ryerson Inc. -that are involved in similar or related businesses to Industrial Distribution Group. We believe there are natural fits and potential synergies within Platinum Equity, and we look forward to discussing those with Platinum Equity and the management teams of their individual businesses,” CEO Charlie Lingenfelter said today.
Ryerson was acquired by Platinum in October 2007. Its CEO and CFO have since left the company. Ryerson is a $5.9 billion distributor and …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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