SP Richards Sells North Carolina DistributorDecember 3, 2019
Apex, North Carolina-based GCN services more than 400 customers with a wide range of food service disposables and janitorial and cleaning supplies. Financial terms of the transaction, which is expected to close later this month, were not disclosed, OPI reports.
“The sale of GCN represents a step forward in our strategy to optimize our portfolio and strengthen our focus on other growth initiatives in the jansan market,” said Steve Schultz, SPR executive vice president. “GCN’s rich history in the region makes it a great fit with SEPG. In addition, we are excited that GCN will deepen our relationship with SEPG.”
About S.P. Richards
S.P. Richards Co. is a Smyrna, GA-based wholesaler of business products and cleaning supplies. For more information, visit www.sprichards.com.