Indianapolis-based HP Products Corp. has been acquired by a Virginia company. Ferguson Enterprises Inc. says all 450 HP Products workers have been retained as part of the agreement.
December 9, 2014
Newport News, Virginia — Ferguson Enterprises, Inc. (Ferguson), the largest plumbing wholesale distributor in the U.S., has acquired HP Products Corporation (HP Products). HP Products is headquartered in Indianapolis, Indiana and distributes products in eight categories including janitorial, packaging, safety, laundry and dietary, lighting, equipment, food & beverage and textiles. The company now operates as HP Products, a Ferguson enterprise, and management and all employees have remained with the company.
“There is tremendous opportunity for both companies with this integration,” said Ferguson COO Kevin Murphy. “HP Products will take advantage of our distribution network and economies of scale and our customers will benefit from an even larger depth and breadth of product inventory for everyday items.”
Ames Shuel purchased H.P. Chemical in 1964 with the vision to establish a janitorial supplies company that would provide the best products, services and support at competitive prices. Today, the company has more than 450 employees, 5 distribution centers, 3 cross-docks and 500,000-square-feet of combined warehouse space located throughout the Midwest. The company expanded its product offering in the late 1980's, allowing HP Products to become a single-source supplier to hundreds of customers.
“This is an important step for the future of our growth and for our employees”, remarked Bridget Shuel-Walker, president of HP Products. “Since we will function as we have before, our expertise and industry leadership will continue to provide value to the combined customer base on an even larger scale. Our strength is our people, and we will continue to focus on the needs of the customer providing them with exceptional service and products. Our future has never been brighter”.
This acquisition allows Ferguson to diversify its product offering to better serve its customers across all industries.
Founded in 1964, HP Products Corporation delivers the products, services, and expertise that organizations need to enhance their business image, maintain a healthy and safe work environment for customers and employees, and provides programs to help reduce overall labor and material costs in all of its eight (8) product divisions. HP Products Corporation is a privately-held Women's Business Enterprise (WBE), headquartered in Indianapolis, IN, with five (5) distribution centers strategically located throughout the Midwest. For more information, please visit www.hpproducts.com.
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Ferguson (www.ferguson.com) is the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings in the U.S. The company is also a major distributor of HVAC/R equipment, waterworks and industrial products and services. Founded in 1953 and headquartered in Newport News, Va., Ferguson has sales of $11.6 billion and approximately 20,000 associates in almost 1,400 locations. Ferguson and its subsidiaries serve customers in all 50 states, Puerto Rico, Mexico and the Caribbean. Ferguson is part of Wolseley plc (www.wolseley.com), which is listed on the London Stock Exchange (LSE: WOS) and on the FTSE 100 index of listed companies.
Source: Ferguson Enterprises Inc.