Fishman Announces Purchase of WJ Grosvenor Effective Today
“Purchasing outstanding distribution firms in the flooring space has been part of Fishman’s strategic plan for many years,” said Bob Wagner, chairman and CEO of L. Fishman & Son. “Over the past several years, we have considered several acquisitions, but they were not the right match for our business and our culture. WJ Grosvenor, however, with its outstanding team of experienced employees in the flooring marketplace, is a terrific fit with our business and we are eager to join forces to win in the marketplace beginning immediately.”
Among the beneficiaries of the transaction is the New England flooring installation community, according to Wagner. Flooring contractors there will now have access to countless new flooring and flooring installation products currently distributed by Fishman, in addition to products distributed by Grosvenor. Included will be Fishman’s Landmark Interiors line of finished flooring products, including engineered hardwood, luxury vinyl tile and plank, water-resistant laminate, and sports and multifunctional flooring.
WJ Grosvenor will continue operating under its current name for the foreseeable future. Twenty of its employees, who are meeting customer needs at six branches in Massachusetts and a seventh branch in New Hampshire, will be joining Fishman today.
L. Fishman & Son is headquartered in Baltimore, Maryland. Its Fishman Flooring Solutions Division is the “Solutions Provider” distributor of flooring and flooring installation products. It has approximately 290 employees working at 48 branches serving Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia. The firm distributes more than 26,000 products for more than 150 vendor partners. For more information, please go to www.lfishman.com.
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