WinWholesale Agrees To Acquire Noland
Lloyd Noland, III, chairman and president of Noland, said he felt the timing was right to sell the company, which is publicly traded but controlled by the Noland family through ownership of approximately 62 percent of the outstanding shares.
Rick Schwartz, president and chief executive officer of WinWholesale, said, "We have been looking for a partner whose geographic reach complements WinWholesale's existing local companies. We believe that WinWholesale's and Noland's customers will benefit from our collective 5,100 employees, 530 locations in 43 states, and more than $300 million of inventory ready to serve their needs."
Publication date: 05/16/2005