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CARDINAL DISTRIBUTION, INC. COMPLETES PURCHASE OF SOLOMONS COMPANY

 DUBLIN, Ohio, May 4 /PRNewswire/ -- Cardinal Distribution, Inc. (NASDAQ: CDIC), announced today that it has completed its purchase of all of the stock of Solomons Company in exchange for approximately 849,000 Cardinal common shares.
 Cardinal is a Dublin, Ohio, based wholesale drug distributor serving independent and chain drug stores, hospitals, and alternate site customers located primarily in the eastern United States. Cardinal has annualized revenues of approximately $2 billion.
 Solomons is a Savannah, Ga., based wholesale drug distributor with annualized revenues of approximately $180 million. The acquisition will complement Cardinal's existing market presence in the Southeast-- particularly in Georgia, South Carolina and Florida.
 Solomons will continue to operate as a full-service health care distributor based in Savannah. The agreement calls for continuity of Solomons' existing management and for Solomons to continue as an independent operating entity under the Solomons Company name.
 -0- 5/4/93
 /CONTACT: David Bearman, senior vice president and chief financial officer, Cardinal Distribution, Inc., 614-761-8700; or Philip Solomons, Jr., president, Solomons Company, 912-234-7204/
 (CDIC)


CO: Cardinal Distribution, Inc.; Solomons Company ST: Ohio, Georgia IN: MTC SU: TNM

AR -- CL014 -- 4430 05/04/93 15:05 EDT
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Publication:PR Newswire
Date:May 4, 1993
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