Financial Supply Inc. Merges with ASB
Glenwood, Minnesota-based American Solutions for Business (ASB) recently announced that Financial Supply Inc. (FSI) has joined ASB, effective April 1, 2013. Incorporated in 1974, FSI has been a major supplier to financial institutions and more recently has expanded to several other industries. Financial terms of the agreement were not disclosed.
"As part of American's continuing expansion, the new alignment with this team will further position us to improve and extend our national footprint," said Larry Zavadil, founder and CEO of ASB. "Because of our significant investment in technology, ASB is able to support rapid growth. We are aggressively approaching the marketplace looking for sales associates who wish to control their destiny and distributorship owners wishing to sell, transition or grow their business. ASB's environment supports all models currently active in our industry, and we welcome this successful group to the American family."
The FSI group consists of seven sales associates based in Missouri, Illinois and Minnesota, and three support staff members. The group will now operate as a part of ASB.
ASB is an industry-leading distributor of printing, promotional products, e-commerce, office supplies and strategic marketing solutions. With over 500 sales associates, a support staff of nearly 300 employees and 35,000+ clients, American currently lists booked sales at over $190 million. The company was founded in 1981 and has been employee-owned since 2000. For more information, visit www.americanbus.com.