HOLLAND, OH -- (Marketwire) -- 06/27/12 -- Selco Industries, Inc. today announces it has finalized an agreement to acquire the assets of New Jersey-based Gussco Manufacturing. Selco Industries will acquire Gussco assets to fulfill its long-range business plan of growth through enhanced customer services and capabilities. The Gussco assets include all current Gussco products and brands, manufacturing equipment and custom manufacturing services. Current Gussco customers will continue to do business as normal while transition steps are being implemented.
"We are very proud of Selco's reputation of innovation and quality and are confident Gussco assets will help us bring these values to an even larger market," said Seldon Hill, president of Selco Industries.
During the transition period, Selco Industries will continue to distribute from the existing Gussco facility in Cedar Grove, New Jersey but will relocate the acquired production equipment to a facility near the company's existing Garfield, New Jersey facility. Selco has extended employment opportunities to many current Gussco workers.
The Selco management team, led by CEO Ruby Hill and president Seldon Hill, will oversee and direct all transition activities with active support from key Gussco leaders.
Selco Industries, Inc. holds national certification from both the Women Business Enterprise National Council (WBENC), as a WBE, and from the National Minority Supplier Development Council (NMSDC), as a MBE. Selco also holds certification as a prequalified vendor for the New York City (NYC) School Construction Authority (SCA). Additionally, Selco is the only U.S. filing manufacturer currently holding certification under the WOSB Federal Program.
About SELCO INDUSTRIES, INC.
Selco Industries, Inc. is a Minority & Woman Owned Business Enterprise (W/MBE) that manufactures office-filing products under the SJ Paper brand. Selco is the only nationally certified W/MBE manufacturer of these products in the United States. Since 1984, the company has been providing value added and innovative filing products in the categories of classification folders, file folders, fastener folders, file pockets and file jackets. Prior to 2004, the Company sold under the name Monarch Northwood Sales & Marketing, LLC. Selco's product portfolio is focused on commercial and business applications
Tags: Office Products, Office Supplies, Diversity, Manufacturing. Organization, Home Office, Small Business, Women-Owned Business, New Jersey Business, Ohio Business, WBENCY, WBE, NMSDC, MBE, New York, School Construction Authority, SCA, Federal Government, procurement, WOSB
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