Central National Gottesman Inc. (CNG) Acquires Business Products Wholesaler S.P. Richards (SPR)

new york state purchase, January 11, 2023 /PRNewswire/ — Central National Gottesman Inc. (CNG), $9 billion A global sales, marketing and distribution leader in the pulp, paper, tissue, packaging, wood products and metals industries. Atlanta, Georgia. Closing is January 31, 2023.

SPR operates from a network of 30 fully stocked distribution centers strategically located across the United States to support over 8,000 resellers, including office product dealers, JanSan distributors, online e-tailers and more. SPR supports the growth of resellers by offering a wide range of branded and private label products in key categories such as office supplies and furniture, business technology equipment, facility and cleaning products, break rooms and safety equipment. .

“SP Richards is a leader in this market space and we are excited about their nationwide distribution capabilities.” Andrew Wallach, President and CEO of CNG. “We believe we can grow our business over time in a way that benefits our customers, suppliers and employees, and we are thrilled to welcome his new SPR colleagues to his CNG family. I am excited.”

Mr Wallach added CNG senior vice president. Bill Meaney As president of SPR, he will assume a leadership role in addition to his current responsibilities at CNG.

Meany says: “I look forward to working with SPR’s talented team.”

SPR Executive Chairman Yancy Jones President and CEO Mike Maggio Remains in the organization in a leadership advisory role.

Jones, who will become president of the SPR Advisory Board, said: “Mike and I have always believed that independent wholesalers are critical to the success of our customers and suppliers to his partners.CNG understands the importance of SPR remaining a traditional wholesaler. I have.”

Maggio, who remains with the organization as a senior advisor and member of Meany’s advisory board, said: CNG. ”

The organization will continue to operate as SP Richards, and beyond continued investment in updated logistics, technology, additional inventory, and warehousing systems to support the company’s long-term growth strategy, a minimum Limited operational changes are expected.

About Central National Gottesmann

Central National Gottesman Inc. (CNG) $9 billion Sales and distribution organizations that own businesses in the global pulp, paper, tissue, packaging, wood products, and metals industries. Founded in 1886, head office location purchase, new york, CNG employs 3,100 people in 29 countries around the world. CNG is a privately held company based on over 137 years of family business, market knowledge and adaptability to create value for clients around the world. For more information, please visit https://www.cng-inc.com/.


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