CE distributor Z. Reiss & Associates has purchased fellow distributor M. Rothman & Co. The terms of the agreement were not disclosed.
Z. Reiss will operate the new entity, M. Rothman Group, as a wholly owned subsidiary of the newly formed Z. Rothman Inc.
"We are excited for this new opportunity for the Rothman brand and legacy to continue and to work with the people over at Z. Reiss & Associates," said M. Rothman & Co. principal Douglas Rothman. "We were impressed by their knowledge of the industry, their values and commitment," added brother William Rothman.
M. Rothman Group CEO Zalmen Reiss added, "By leveraging our prior experience in the electronics industry, from our successes with Z. Reiss & Associates and with the purchase of M. Rothman's assets, we will have the opportunity to increase our consumer base and distribution while continuing the legacy and values which have been established."
Rothman principal Russell Rothman said the three Rothman brothers "are planning to continue on with the new wholly owned subsidiary, in capacities to be determined."
Z. Reiss & Associates distributes CE, computers and accessories, digital imaging and home phone systems from brands including Sony, Toshiba, AT&T, Cisco, HP, Impecca, Panasonic, Sunbeam, Sharp and RCA, among others. Its 2012 product catalog can be seen here.
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