ACQUISITION: Questron Closes on R.S.D. Sales

John Wolz

Questron Technology Inc. acquired R.S.D. Sales Co. Inc. to increase its European sales.
Questron announced April 6 that it completed the acquisition of Franklin Square, NY-based R.S.D.
Questron CEO Dominic Polimeni said R.S.D. �enhances our presence in the European market and will enable us to provide inventory logistics management services to foreign-based OEM customers and expand our ability to service our existing international OEM customer base.�
Questron paid $3.3 million in common stock for R.S.D.
R.S.D. provides aerospace-related C items and value-added services to OEMs in Europe and had $3.4 million in sales last year.
Polimeni said R.S.D. selling shareholder Robert Diehl will continue to run the business.
Boca Raton, FL-based Questron also reported its first quarter revenues were up 20% over the last quarter of 1999.
�The revenue increase in the first quarter of 2000 results from internal growth attributable to the continuing implementation of inventory logistics management services,� Polimeni said. �We expect that our revenues will grow in the coming quarters as we continue to implement ILM services to new and existing customers.�