TAMPA, FL., Monday, September 16, 2013 — Chip Yodzis, President & CEO of DOW Electronics, and Michael Sajecki, President of Shifting Sands Stereo Distributing, Inc. and Allen Lundy, Vice President of Shifting Sands Stereo Distributing, Inc., announced today that DOW Electronics has entered into a definitive agreement with Shifting Sands Stereo Distributing Inc. to acquire certain assets and the ongoing operations of Dania, FL based Shifting Sands Stereo Distributing, Inc.
This acquisition brings an additional distribution location, an extensive customer list, strong vendor relationships, and key industry knowledge of consumer electronics and custom integration products to DOW Electronics. The transaction is expected to close on September 20, 2013.
DOW Electronics, founded in 1959, is a leading wholesale technology distributor focusing on offering independent retail businesses throughout the Southeast United States, Puerto Rico, and the U.S. Virgin Islands the best in residential and commercial audio and video technology.
Headquartered in Tampa, Florida, DOW Electronics, currently has 154 employees operating out of 14 sales and distribution locations servicing nine Southeast states, Puerto Rico, and the U.S. Virgin Islands.
“This acquisition better positions our company as a leading Southeast consumer electronics and custom integration distributor by providing us with stronger technical knowledge and a broader product offering to help better serve our existing and future customer base”, said John Yodzis, Executive Vice President of DOW Electronics.
Michael Sajecki, President of Shifting Sands Stereo Distributing said, “We are excited to have the Shifting Sands team join DOW Electronics. Once closed, this transaction will provide Shifting Sands’ customers a wider range of products and services available at 15 distribution locations, all while maintaining the best-in-class service they have come to expect.”
“We are pleased to welcome Shifting Sands’ customers to the DOW Electronics family, and we are excited to provide them with the level of service and dedication that has become the foundation of our business for the past 54 years”, stated Chip Yodzis, President and CEO of DOW Electronics.
About DOW Electronics:
Headquartered in Tampa, FL, DOW Electronics is one of the largest independently owned and operated electronics distributors servicing independent dealers in the Southeastern United States for over 50 years. With 14 locations covering Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Puerto Rico, and the US Virgin Islands, DOW Electronics focuses on providing consumer electronics that enhance the customer experience.
About Shifting Sands Stereo Distributing:
Formed in 1988 and located in Dania, Florida, Shifting Sands Stereo Distributing, Inc. (SSSD) has become one of the leading distributors of custom installation products in Florida. SSSD has catered to the needs of the residential custom integrator with its vast mix of products, system design services, and training facilities. With two training and demonstration locations in Florida, SSSD has always been on the cutting edge of the integration channel. A recent CE PRO Magazine “Quest for Quality Award Winner”, SSSD has earned a great reputation of customer service and dealer support.