S.P. Richards Co. (SPR), an independent business products wholesaler, announced a definitive purchase agreement with Central National Gottesman (CNG).

The closing is scheduled for January 31, 2023. CNG is a $9 billion sales and distribution company with operations in the global pulp, paper, tissue, packaging, wood products, and metals industries. CNG is a privately held company that leverages more than 137 years of family ownership, market knowledge, and adaptability to create value for clients all over the world.

Founded in 1886 and headquartered in Purchase, New York, CNG employs 3,100 people in 29 countries around the world.