Simco Sales Service of Pennsylvania, Inc.
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Simco Sales Service of Pennsylvania, Inc. - overview
Established
1929
Location
Moorestown, NJ, US
Primary Industry
Logistics & Distribution
About
Simco Sales Service of Pennsylvania, Inc. is a distributor focused on providing efficient delivery of ice cream and a variety of frozen and dry food products, enhancing supply chain processes for retailers and food service providers. Founded in 1929 in Moorestown, US, Simco Sales Service of Pennsylvania, Inc. specializes in the distribution of ice cream and associated products.
The company was acquired by GlacierPoint Enterprises, Inc. in December 2021, strengthening its market position. The founder’s specific history is not available. Simco Sales Service of Pennsylvania, Inc.
specializes in Direct Store Delivery (DSD) of ice cream and a diversified range of frozen foods, beverages, and dry goods. The company's core offerings include products from well-known national and regional brands such as Häagen-Dazs, Ben & Jerry’s, and Blue Bunny, among others. By directly delivering these products from suppliers to retail locations, Simco eliminates the intermediary step of a retailer’s distribution center, enhancing efficiency and ensuring timely availability of fast-turning, high-demand merchandise. The company serves a wide array of customers, including supermarkets, convenience stores, drug stores, food service facilities, and educational institutions, effectively catering to both B2B and B2C markets.
Geographically, Simco operates extensively along the Eastern Seaboard and has recently expanded its presence into the Midwest through its Great Lakes Division, positioning itself in complex and dynamic markets across states like New York, New Jersey, Pennsylvania, Maryland, Virginia, and the Carolinas. Simco operates a revenue model that revolves around direct sales to retailers and food service providers, leveraging its extensive distribution network. Transactions typically occur through bulk orders, where retailers procure a range of products tailored to consumer preferences and seasonal demands, ensuring optimal inventory levels. The company’s pricing structure is designed to cater to various client needs, although specific pricing details are proprietary.
Flagship offerings such as bulk ice cream and specialty products significantly contribute to the revenue stream, driving consistent demand. The firm emphasizes strong partnerships with its clients through reliable service and support, aiming to create mutually beneficial arrangements that foster long-term relationships and continuous growth in the DSD market. Following the acquisition on December 10, 2021, Simco Sales Service of Pennsylvania, Inc. aims to enhance its relationships with key customer and vendor partners while expanding into the New York Metro area and the Mid-Atlantic corridor.
Recent funding will support these initiatives by strengthening operational capabilities and market outreach.
Current Investors
GlacierPoint Enterprises, Inc.
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.jjicc.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Simco Sales Service of Pennsylvania, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Simco Sales Service of Pennsylvania, Inc. | - |
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