S.P. Richards Company, the office products group for Genuine Parts Company, has announced the acquisition of Impact Products LLC.
Impact Products, headquartered in Toledo, Ohio, is a provider of facility, janitorial and safety supplies serving North America. Its broad customer base is served from distribution centers in Toledo and Walnut, California. S.P. Richard expects the acquired business to generate approximately $85 million in annual revenues, a press release said.
“The addition of Impact Products better positions S.P. Richards for future growth," said Tom Gallagher, GPC chairman and chief executive officer. "This new business serves to further diversify S.P. Richards’ product offering and is complementary to our Garland C. Norris acquisition completed earlier in the year. We are pleased to welcome this fine organization to the S. P. Richards and GPC family. We look forward to the many contributions the Impact team will make in the years ahead.”
In a letter announcing the acquisition, Impact said customers can expect little changes in day-to-day interactions with the company.
"Our new parent company’s investment will enhance our ability to be an even stronger partner to you. Impact will have greater financial resources to invest in the business — which means we will grow our product offering, inventory, marketing and sales support," wrote Terry Neal, Impact president and CEO. "You will continue to benefit from our award winning customer support team and enjoy all of our current value added services."
The groups did not provide financial disclosures surrounding the agreement.