HP Products Acquires Great Lakes Supply and Chemical
HP Products Corp., Indianapolis, has completed the acquisition of Great Lakes Supply and Chemical, Michigan City, Indiana.
"We are thrilled to expand our company once again, especially in today's challenging economy. Now more customers than ever will have access to our expanded line of facility maintenance supplies and packaging in addition to our safety, lamping, laundry and dietary products," said Bridget Shuel-Walker, president and chief executive officer, HP Products. "We plan to continue to expand into additional markets in 2010 and beyond through additional mergers such as the one we are announcing today."
Great Lakes Supply is a regional distributor of an extensive line of janitorial equipment, cleaning supplies and industrial packaging goods. It serves customers in the 100 mile radius surrounding its northwest Indiana headquarters. In addition to supplies and goods, Great Lakes Supply provides value-added services such as helping customers increase efficiencies while reducing operating costs.
"Combining forces with HP Products is perfect for our customers," said Joe Nelmar, president, Great Lakes Supply and Chemical. "Through this merger, they will now have a single source supplier to help them maintain clean, safe and environmentally responsible places to live and work. This comes at a time when more companies need supplier partners with deep expertise and full lines of products and services."
Great Lakes Supply and Chemical was purchased by Nelmar nearly 20 years ago. Since that time the business has quadrupled in size. Nelmar will remain with HP Products as the head of its Calumet Division. Details of the transaction, including the purchase price, are not being disclosed.
"This is our 13th acquisition in the last 20 years," said D. Ames Shuel, chairman, HP Products." We are proud of our employees because it is through their dedication to our customers that we have been successful. That success has allowed us to continue to grow strategically and invest in complementary organizations such as Great Lakes Supply."
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