Global Industrial completed the acquisition of Indoff for $69m.

Global Industrial, a distributor of industrial products and MRO supplies, completed the acquisition of Indoff, a business solutions provider and distributor, for $69m. "Indoff is a strong and growing company and provides a great strategic fit with Global Industrial's business and multi-channel sales model. Indoff's network of more than 350 sales partners extends our one-to-one sales reach to new customers and markets. In addition, strong core product alignment in material handling, indoor and outdoor furniture, storage and shelving, appliances, and other core categories, along with new service capabilities and project related expertise, further strengthens our overall value proposition. We see a number of opportunities to enhance the value we collectively provide, including opening a new channel to deliver Global's Exclusive Brand offering and national brand assortment, and the broader utilization of B2B e-commerce platforms. We are excited to welcome Indoff's employees and customers to the Global Industrial family and look forward to supporting their continued success," Barry Litwin, Global Industrial CEO.