Exhibit 99.1
| news release | |
Executive Offices | For Further Information Contact: |
One Parkway North Blvd. | |
Suite 100 | |
Deerfield, IL 60015-2559 | |
| Richard W. Gochnauer |
| Chief Executive Officer |
| or |
| Victoria J. Reich |
| Sr. Vice President and Chief Financial Officer |
| United Stationers Inc. |
| (847) 627-7000 |
UNITED STATIONERS INC.
INCREASES SHARE REPURCHASE AUTHORIZATION
DEERFIELD, Ill., October 25, 2010 — United Stationers Inc. (NASDAQ: USTR) announced today that on October 20, 2010, its board of directors approved and authorized the company to purchase an additional $100 million of its common stock. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may commence or cease from time to time without prior notice.
The company currently has $9.3 million remaining under a prior $100 million authorization approved by its board in May 2008.
Company Overview
United Stationers Inc. is a leading wholesale distributor of business products, with 2009 net sales of approximately $4.7 billion. The company stocks approximately 100,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture, and industrial supplies. A network of 64 distribution centers allows it to deliver these products to over 25,000 reseller customers. This network, combined with United’s depth and breadth of inventory, enables the company to ship most products overnight to more than 90% of the U.S. and major cities in Mexico. For more information, visit www.unitedstationers.com.
United Stationers’ common stock trades on the NASDAQ Global Select Market under the symbol USTR.
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