Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply has been a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for more than 40 years.
Through a combination of leveraging its logistical expertise and sophisticated, experienced management, the company intends to be an active and strategic consolidator of small- and mid-sized businesses within the highly-fragmented, multi-billion dollar seal industry.
Currently serving more than 3,000 customers, Sterling offers acquisition targets a unique growth opportunity and competitive advantage through logistical expertise, strong regional branding and industry-specific distribution centers.
STCC Products and Services through its wholly-owned subsidiary
Sterling Seal and Supply Products
Sterling Seal is a distributor of O-rings which are used in a wide variety of industries, including automotive, pump, transmissions, oil and energy, machinery, and packaging.
-O-Rings and Seals: A full range of standards, metrics and custom seals including back up rings, quad rings and oil seals.
-O-Ring Cord: Vulcanized rings and extruded length.
-Industrial, automotive and plumbing kits.
-Gauge, caliper and cone measuring devices.
-Custom molded rubber parts
-Teflon o-rings, washers and extrusion
-S.B.S. Stuffing Box Sealant
-Hydraulic hose and fittings; couplings, service and repair
Integrity Cargo Freight Services
In 2008 the SCC aggressively invested in the freight forwarding business with the startup of the Company's wholly owned subsidiary, Integrity Cargo, LLC.
-Ocean: Import and Export
-Air
-LTL logistics
-Consolidate shipments
-NVOCC licensed- non vessel operating common carrier
-Federal Maritime Commission Licensee
ADDR Properties
ADDR Properties, LLC is a real estate holding company. The LLC owns two properties. The first is a 28,000 square foot warehouse facility in Neptune, NJ and is occupied by Sterling Seal to conduct its operations, as well as by other tenants.
-Cliffwood Beach, NJ; 10,000 square feet, office/industrial
-Neptune, NJ; 28,000 square feet, office/industrial
Q5 Ventures
Q5 Ventures, LLC is the landlord for the Sterling Seal, FL division. The 5,000 square foot facility was designed and built for the Company's operations. It is currently looking for a larger facility.
-Apopka, FL; 5,000 square feet, office/industrial
STCC Key Company Management
Mr. Darren Derosa has been Chief Executive Officer of Sterling Consolidated Corp, since 2000. Mr. Derosa runs the day-to-day operations of Sterling Consolidated, including managing business development projects in information technology, logistics and human resources, and seeking out potential acquisition targets. He earned a B.A. in Economics from Dickinson University and an M.B.A. from Monmouth University.
STCC Contact Info
Sterling Seal and Supply, Inc.
Headquarters
1105 Green Grove Rd
Neptune, NJ 07753
Phone: 732-918-8004
Fax: 732-918-8114
Toll Free: (800) 631-5580
Sterling Seal and Supply, Inc.
48 High Street
Norwell, MA 02061
Phone781-878-5811
Fax: 781-871-6388
Sterling Seal and Supply, Inc.
541 Johns Rd
Apopka, FL 32703
Phone: 407-410-0155
Fax: 407-857-2759
Website: http://www.sterlingconsolidated.com
STCC SEC Filings
http://www.otcmarkets.com/stock/STCC/filings
STCC Headlines
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STCC a/h news Fri-Acquires Superior Seals and Service -
ReplyDeletePress Release: Sterling Consolidated Corporation – Fri, Sep 20, 2013 4:41 PM EDT
http://finance.yahoo.com/news/sterling-consolidated-acquires-superior-seals-204120081.html
STCC ---Goldman Small Cap Research Initiates Research Coverage of Sterling Consolidated Corp.
ReplyDeletehttp://finance.yahoo.com/news/goldman-small-cap-research-initiates-121500396.html
$STCC Acquisition Committee has accelerated the negotiations of its next acquisition target
ReplyDeleteNEPTUNE, N.J., Oct. 30, 2013 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that its Acquisition Committee (the "Committee") has accelerated the negotiations of its next acquisition target as the Company looks to further consolidate the highly fragmented O-ring distributor market. Following the Company's initial acquisition of Superior Seals and Service, the Committee has increased its efforts as Sterling continues to position itself as a growing and leading supplier of hydraulic and pneumatic seals.
The Acquisition Committee has expanded its target list that includes potential strategic companies to be acquired in the following states:
Florida
New Jersey
Pennsylvania
West Virginia
Darren DeRosa, Chief Executive Officer of Sterling Consolidated, commented, "With our first acquisition completed, sooner that expected, we are continuing to execute on our business plan. We are aggressively structuring deals with additional O-ring distributors that will help expand Sterling's footprint. We have targeted several regionally strategic and well run companies along the East Coast, as we are intent on rapidly growing our Company."
The Committee continues to perform due diligence on several candidates as it looks to strategically incorporate companies that will help further Sterling's business strategy and increase shareholder value. Sterling will continue to provide updates as it nears and completes additional acquisitions.
http://finance.yahoo.com/news/sterling-consolidated-acquisition-committee-provides-120000485.html?soc_src=mediacontentstory
$STCC news - Acquisition Committee Announces Continued Progress with Acquisition Targets 11/15/13 http://finance.yahoo.com/news/sterling-consolidated-acquisition-committee-announces-130000580.html?soc_src=mediacontentstory
ReplyDelete$STCC NEWS!!! Announces Third Quarter 2013 Results 11/25/13 http://finance.yahoo.com/news/sterling-consolidated-announces-third-quarter-130000465.html?soc_src=mediacontentstory
ReplyDelete$STCC customer base increased 5% during the full year of 2013
ReplyDeleteNEPTUNE, 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-consolidated-corporation-increases-customer-213000962.html?soc_src=mediacontentstory
$STCC enters into a LOI with R G Sales, Inc., a Pennsylvania based parts distributor
ReplyDeleteNEPTUNE, N.J., Jan. 13, 2014 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that it has entered into a letter of intent with R G Sales, Inc., a Pennsylvania based parts distributor that currently serves many industries, specifically the local underground mining and hydro-fracking market.
Upon the closing of the acquisition, R G Sales' entire distribution business will become integrated into Sterling Consolidated's business and contribute directly to its top-line revenue stream. The transaction will be completed using only cash and no shares of Sterling Consolidated. The Company's recent bank financing of $2.425 million, secured during the fourth quarter of 2013, has allowed for the timely execution of this acquisition.
Darren DeRosa, Chief Executive Officer of Sterling Consolidated, stated, "We are very excited to announce the pending acquisition of R G Sales, and look forward to expanding our business into the high-growth mining and fracking markets. R G Sales was profitable in 2012, generating close to $1 million in gross sales revenue over the course of the year. Along with the strong revenue contribution, RG Sales brings Sterling a loyal customer base and established regional distribution network."
"This acquisition falls right in line with our strategy to continue expanding our footprint in the Northeast and will position us to grow our business organically. As this is a new market for Sterling Consolidated, we hope to leverage this opportunity and develop a strong distribution presence in the mining and hydro-fracking industries," concluded Mr. DeRosa.
http://finance.yahoo.com/news/sterling-consolidated-announces-letter-intent-211254226.html?soc_src=mediacontentstory
$STCC As of April 11, 2014, the registrant had 37,824,040 shares of its common stock, par value $0.001 per share, issued and outstanding http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9921913
ReplyDelete$STCC - Sterling Consolidated Acquires R.G. Sales Inc.
ReplyDeleteNEPTUNE, N.J., April 23, 2014 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (OTCBB:STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, announces the acquisition of R.G. Sales Inc. West Alexander, PA. This is the Company's second acquisition as it continues its consolidation efforts.
Due to R.G. Sales Inc. average revenue of $827,000, over the last 3 fiscal years, the company expects to add incremental revenue of $0.7-$0.8 million in the next year from this acquisition.
R.G. Sales Inc. is a 20-year-old distributor of O-rings, retainer rings, lock nuts and springs to the oil and gas industry in western PA. The acquisition adds a strategic location to enhance the distribution network of Sterling Consolidated, which can now provide one day transit time from Maine to Florida and as far west as Illinois. The acquisition also provides the Company with additional expertise as management will remain for 2 years.
Darren DeRosa, Chief Executive Officer of Sterling Consolidated, commented, "The expansion into western PA allows us to increase our market share in the oil and gas sector. Many of these seals are sourced locally and it is advantageous to have a local footprint. This additional revenue should also improve our profit margins."
Mr. DeRosa further added, "We look forward to increasing shareholder value by continuing to execute our plan of strategic acquisitions."
http://www.stockwatch.com/News/Item.aspx?bid=U-z10077808-U%3aSTCC-20140423&symbol=STCC®ion=U
$STCC - Sterling Consolidated Updated Letter From the Chairman
ReplyDeleteNEPTUNE, N.J., May 2, 2014 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (OTCBB:STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, wanted to thank its shareholders for the support they have provided to the Company as well as to review the last year of activity.
The Company continues to execute its expansion plan to take advantage of the fragmentation of the o-ring industry throughout the United States by acquiring other companies in the marketplace. Since going public last year, the Company has completed the acquisition of RG Sales, Inc. in Western Pennsylvania and Superior Seals, Inc. in North Carolina. These acquisitions have added nearly $1 million to its projected top-line revenue and have expanded its 1-day delivery capability to now include the entire eastern seaboard.
The Company continues to negotiate with additional acquisition targets and currently has issued a term sheet to a northeastern o-ring distributor. Additionally, the Company is in preliminary talks with 3 other potential targets and plans to aggressively pursue other opportunities.
As one of the few public companies in the industry, Sterling is uniquely positioned to be the leader in consolidating the large number of smaller o-ring distributors throughout the country. The Company's stock has become a currency that it is using to self-finance these acquisitions. Additionally, the Company will continue to raise expansion capital through sale of stock utilizing its SEC-approved Equity Credit Facility.
Since going public, the Company has achieved the following milestones:
Refinanced bank debt with a $1.25 million line of credit and $1.2 million mortgage
Increased employees from 19 to 28
Increased actual sales by 5.7% from 2012 to 2013
Added two sales and inventory locations
Expanded our production capabilities
Nearly doubled the rent roll for our real estate properties
We look forward to continued growth. Thank you again for your support.
Sincerely,
Angelo DeRosa
Chairman of the Board
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply, has been a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for more than 40 years. Through a combination of leveraging its logistical expertise and sophisticated, experienced management, the company intends to be an active and strategic consolidator of small- and mid-sized businesses within the highly-fragmented, multi-billion dollar seal industry. Currently serving more than 3,000 customers, Sterling offers acquisition targets a unique growth opportunity and competitive advantage through logistical expertise, strong regional branding and industry-specific distribution centers.
http://www.stockwatch.com/News/Item.aspx?bid=U-z10079711-U%3aSTCC-20140502&symbol=STCC®ion=U
$STCC - Sterling Acquisition Committee has issued a term sheet to a NJ distributor with annual revenues of more than $2 million
ReplyDeleteNEPTUNE, N.J., May 7, 2014 (GLOBE NEWSWIRE) -- Sterling Consolidated Corp. (OTCBB:STCC) (the "Company"), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that its Acquisition Committee has issued a term sheet to a NJ distributor with annual revenues of more than $2 million. This target company is profitable and well-established in the marketplace with a rich 50-year history and includes a highly skilled engineering department.
This potential acquisition carries much synergy to the Company's business model, and would allow the Company to consolidate occupancy and operations with Sterling's headquarters in Neptune, New Jersey. In addition to new domestic and international customers, the synergies would provide significant operational cost savings. Sterling's management is currently negotiating with the target company to finalize the basic terms of the Agreement.
Darren DeRosa, Chief Executive Officer of Sterling Consolidated, commented, "Our Acquisition Committee continues to negotiate with the most likely candidates for acquisition. We continue to monitor cash flow and use current proceeds of recent financings to complete our acquisitions."
The estimated closing date is September 15, 2014.
http://www.stockwatch.com/News/Item.aspx?bid=U-z10080445-U%3aSTCC-20140507&symbol=STCC®ion=U