WYNIT Acquires NavarreJuly 10, 2014 By Stephen Silver
WYNIT Distribution announced Thursday that it has completed the acquisition of Navarre, which is Speed Commerce’s retail distribution business.
Financial terms were not disclosed.
Navarre will continue to operate as a strategic business unit, out of its headquarters in Minnesota.
“We are very excited about the opportunities this acquisition will create for WYNIT and Navarre,” Pete Richichi, Chief Operating Officer of WYNIT Distribution, said as part of the announcement.
“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,” Ward Thomas, Executive Vice President, Navarre Division, said in the same announcement. “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.”