Who owns sp richards

Richards Co. The core U. The Safety Zone and Impact Products operations specialize in the provision of personal protective equipment and janitorial, safety, hygiene and sanitation products to a diversified customer base, including janitorial and sanitation supply distributors, safety products resellers, and food service and food processing distributors and retailers.

Richards represents the further streamlining of our operations and a significant step forward in our long-term strategy to optimize our portfolio," Genuine Parts Chairman and CEO Paul Donahue said in a statement Tuesday.

Donahue thanked Rick Toppin and the S. Richards team for making the transactions possible. On behalf of the Investor Group, Yancey Jones said in the statement, "Our group comprises several industry leaders who envision a new, industry-changing alignment and partnership among manufacturers, wholesalers and resellers. This represents a shift in the traditional industry supply chain that will eliminate redundant costs and help all partners become more competitive.

The acquisition of S. Managing Director Rahul Vinnakota said SSE "offers an extensive product portfolio and differentiated value-added services to distributors servicing a wide array of end users across several end markets.

Importantly, given the critical role of these businesses in the COVID pandemic, we remain committed to ensuring continuity of service to customers while prioritizing the wellbeing of employees.

Cleveland-based SSE makes branded and private label personal protective equipment and janitorial, safety, hygiene and sanitation products. Genuine Parts Company has consolidated its market focus, announcing Tuesday that it has sold its office products subsidiary S. Richards through two separate transactions. GPC has sold S. Richards' core US operations to an unnamed investor group of industry professionals, while S.

Both transactions were effective Tuesday. GPC said it expects to use the net cash proceeds from the sale to enhance its cash position for capital positioning and repaying debt. GPC had already sold the Canada unit of S. Richards S. Richards Canada on Jan. Acquired by GPC in , S. Richards is a distributor of general office products, technology products and accessories, office furniture, JanSan and safety supplies. It's key end markets include national and independent business products resellers and janitorial supply distributors.