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RJ Schinner Announces Proposed Acquisition Agreement
RJ Schinner Co., Inc. (RJ Schinner), a Re-distributor to the commercial wholesale trade, announced that a proposed agreement to acquire assets of Icon Distributing based in Salt Lake City, Utah, has been reached. Icon Distributing is a leader in wholesale distribution in Salt Lake City, Utah and the surrounding areas. The transaction is expected to close later this month.
Ken Schinner, President of RJ Schinner Co states, "We are very excited to have the opportunity to bring Joe Goodman and his team on board with RJ Schinner. Icon Distributing has a great reputation in the Salt Lake City and surrounding markets, and has seen a lot of success servicing those markets. We are confident that with the additional capabilities, relationships and efficiencies that RJ Schinner offers, this will be a thriving location for us for years to come. RJ Schinner has been very fortunate to open new locations and bring into our organization a lot of highly accomplished and successful individuals in recent years. The opportunity to enter into a new territory and retain people that know that market well is very exciting for us. "
Joe Goodman, current President of Icon Distributing states, "For me, the ability to help Icon's customers achieve success in business is something I have always taken personally. I honestly believe that bringing RJ Schinner's buying power and breadth of product offering to bear on behalf of our customers, is the number one thing we can do at this time to help our friends continue to be profitable and achieve even greater success in the future. We are excited that our full Icon crew will be joining the RJ Schinner team to continue to provide the highest level of customer service and help our customers to better achieve their goals!"
RJ Schinner, for over 65 years, has been selling non-food disposables to the commercial marketplace through distribution. Currently, RJS has fifteen locations and delivers to a forty plus state area on company trucks.
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