Oct 24, 2016
Effective October 3, 2016, American Solutions for Business (ASB) announced the acquisition of Peter Kleine Company of Lancaster County, Pennsylvania. The group is a 30-year-old nationally recognized leader in the promotional products and incentive awards business, serving a client base of over 200. Financial details of the acquisition were not released.
The team is made up of approximately twelve employees and will continue to do business from their 36,000 square foot office/warehouse facility located in Lititz, Pennsylvania, while maintaining their identity as Peter Kleine Company, a division of American Solutions for Business. Eric Sheron and Michael Tornvall, partners in ASB's King of Prussia location, will be managing the operations for the business center. Peter Kleine, the former owner, will remain with the company and play an active role in driving future direction, along with Sheron and Tornvall.
Aug 5, 2016
American Solutions for Business (ASB) announces record growth of over 15 percent for its fiscal year ending June 30, 2016. In the past four years, the company has seen a compound annual growth rate in excess of 10 percent during this period.
In fiscal year 2015-2016, ASB experienced growth in all areas, with promotional products and printing leading the way. "We’ve continued our investment in key vertical markets which has also added to the growth we’ve seen in the past year," said Justin Zavadil, Executive Vice President. "That investment serves to diversify our markets and bring new business our way."
Another key factor contributing to ASB's growth has been the retention of sales associates, coupled with an overall increase in the size of the sales force by approximately 11 percent. To support the expansion of the sales force, ASB has also added to its support staff.