OKI Bering to be acquired for $90 million
from Business Courier
United Stationers Supply Co. signed an agreement to acquire OKI Bering for an all-cash purchase price of $90 million. The deal is expected to close in November, subject to customary closing conditions. OKI Bering, based in Cincinnati, Ohio, is the largest, independently owned welding, safety and industrial products wholesaler in the country, according to a news release. According to Courier research, OKI Bering is one of the 100 largest privately owned companies in Cincinnati. It has annual revenue of about $150 million and offers 80,000 manufacturer-branded and private label products.
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