North Syracuse, NY – July 10, 2014 – WYNIT Distribution, a leading national distributor of products from the top global brands in the consumer electronics, photo, wide format printing, security and outdoor industries, has announced today that it has completed the acquisition of Speed Commerce’s retail distribution business, Navarre.
Navarre, headquartered in Eden Prairie, MN has been a leader in the distribution industry since 1983 and supports the largest retailers in the U.S. and Canada with consumer electronics and software products from some of the world’s most recognized brands. As part of this transaction Navarre will operate as a strategic business unit out of its headquarters in MN.
Navarre’s sales and logistics organizations will work with WYNIT’s team to identify new opportunities, create efficiencies and fuel accelerated growth for both companies in the U.S. and Canada.
“We are very excited about the opportunities this acquisition will create for WYNIT and Navarre,” said Pete Richichi, Chief Operating Officer of WYNIT Distribution. “Our individual strengths in different areas of the distribution business make this partnership a perfect fit. As an organization we are also looking forward to developing and growing our business in Canada by building on Navarre’s existing partnerships.”
“This is the best fit we could have hoped for,” said Ward Thomas, Executive Vice President, Navarre Division. “We are excited to be part of the WYNIT team and leveraging their experience and resources to better serve our customers in the national retail channel.”
About WYNIT Distribution, LLC
WYNIT Distribution, LLC is a leading national distributor of products from the top national brands in the consumer electronics, photo, wide format printing, security and outdoor leisure and adventure industries. Based in North Syracuse, NY the company serves a wide range of customers ranging from large national retailers to independent resellers through dedicated business units and strategically located distribution facilities in Memphis, TN and Reno, NV. Founded in 1987 WYNIT Distribution, LLC’s mission is to improve the competitive position of its customers and suppliers.
For more information, call WYNIT at 1-800-GO-WYNIT or visit www.wynit.com
About Speed Commerce
Speed Commerce, Inc. (NASDAQ: SPDC) is a single-source provider of e-commerce service solutions to leading retailers and manufacturers. The company’s omni-channel capabilities unite a digital commerce strategy with traditional retail channels, creating the ultimate branded shopping experience. Services include e-commerce platform development; hosting, managed and marketing services; order and inventory management; pick, pack & ship; returns processing; and 24/7 customer care. For additional information, please visit the company’s website at www.speedcommerce.com.