May 9, 2005: WinWholesale To Acquire Noland Company
DAYTON, Ohio - WinWholesale, one of the nation's largest industrial wholesale distributors, announced that it has signed an agreement of merger with Noland Company, a leading wholesale distributor of plumbing, electrical, HVAC, mechanical equipment, and supplies.
Under the terms of the agreement, WinWholesale will pay $74 in cash for each Noland Company share. Shortly after the transaction closes, WinWholesale will take Noland Company private and it will be de-listed from NASDAQ. WinWholesale expects combined 2005 revenues will exceed $2 billion.