Central National Gottesman Acquires S.P. Richards (SPR)

by

Central National Gottesman Inc., a $9 billion global sales, marketing, and distribution leader in the pulp, paper, tissue, packaging, wood products, and metals industries, announced today the signing of a definitive purchase agreement to acquire S.P. Richards (SPR), an Atlanta-based independent business products wholesaler. The closing date is scheduled for January 31, 2023.

SPR supports over 8,000 resellers, including office equipment dealers, JanSan distributors, online e-tailers, and others, through a network of 30 full-stocking distribution centers strategically located across the United States. SPR helps its resellers expand by providing access to a diverse range of branded and private label products in key areas such as office supplies and furniture, business technology equipment, facilities and janitorial supplies.

The company will continue to operate under the name S.P. Richards and expects minor operational changes aside from continuous investment in improved logistics, technology, more inventory, and storage systems to support the company’s long-term growth strategy.

Central National Gottesman Inc. (CNG) is a $9B sales and distribution organization that owns businesses in the global pulp, paper, tissue, packaging, wood products, and metals industries. Founded in 1886 and headquartered in Purchase, NY, CNG employs 3,100 people in 29 countries worldwide. CNG is privately held and builds on more than 137 years of family ownership, market knowledge, and adaptability to create value for clients around the world.

Related Stories

Latest News Stories