Spartanburg-based Southeastern Paper Group has announced its intention to acquire Garland C. Norris Co. in Apex, N.C., a wholesale distributor of food service disposables and janitorial and cleaning supplies.
The transaction is expected to be completed on Friday, Dec. 13, subject to customary closing conditions.
"Garland C. Norris Co. provides a unique opportunity for SEPG to extend its position in the wholesale distribution market through an established and trusted business," E. Lewis Miller Jr., CEO of Southeastern Paper Group, said in a news release. "GCN brings deep specialization in the redistribution segment to strengthen our offering, while SEPG's expanding footprint and longstanding vendor partnerships will help deliver value to more customers and drive growth."
Garland C. Norris Co. is a wholly owned subsidiary of S.P. Richards Co.
"The sale of GCN represents a step forward in our strategy to optimize our portfolio and strengthen our focus on other growth initiatives," Steve Schultz, executive vice president of S.P. Richards Co., said in the release. "GCN's rich history in the region make it a great fit with Southeastern."