Goods iQ Acquires It’s Academic, Inc.

As the global leader in the development, manufacturing and distribution of office, academic and industrial goods, we’re excited to announce the acquisition of consumer goods company, It’s Academic, Inc. This transaction represents another key milestone for Goods iQ, securing our foothold as a leader in the office products market while serving as a catalyst for the future growth and diversity of our revenue base.

It’s Academic Inc. is a recognized leader in the office and academic product markets with presence in major retailers across the United States. The company’s expansive portfolio of consumer brands includes It’s Academic, Lockermate, Flexi Storage, Written Word, Pillow Grips, Re:Writes, Retrax, Mighty Turtle, and Vivienne Grace.

“We are excited to welcome It’s Academic to our family of brands and products,” said Gary Blanchette, President at Goods iQ. “Their culture, innovative product portfolio and strong customer relationships make this acquisition an ideal fit for our long-term strategies. We look forward to working with their team to leverage the It’s Academic’s unique strengths and strong positioning in the marketplace.”

The acquisition will add over 130 new products to our office and academic products division, which already features products from market-leading brands such as Bostitch, BLACK+DECKER, PaperPro and Stanley.

“After meeting with the team at Goods iQ, we felt they would be an ideal merger partner to continue the legacy of It’s Academic and take the company to the next level,” said Josh Shapiro, Executive Vice President at It’s Academic. “Our product range combined with Goods iQ’s exceptional operations and product capabilities is sure to elevate the value proposition we deliver to our customers and end users.”

This acquisition will extend the breadth and scale of our office and academic products line, while also positioning Bostitch as a market leader in locker organization and back-to-school products, helping to enhance diversification. It’s Academic brands and products will also leverage our world-class manufacturing, new product development, sales, marketing and distribution operations.