Belknap White Group and JJ Haines Grow Relationship
In 2017, Belknap and Haines entered into a strategic partnership, with Belknap making an initial equity investment in Haines. The partnership allowed both companies to collaborate and work together to build an east coast flooring distribution platform. Collaboration in areas such as Sales, IT and Logistics has been on-going.
Recently, Belknap increased its equity investment and now holds a controlling interest in JJ Haines. Haines will continue to operate as a separate entity based out of Baltimore.
Hoy Lanning, the CEO & President of Haines, will report to the Haines Board of Directors. The Board, which will be chaired by Raymond Mancini Jr., will oversee and set overall direction for the company.
Haines, which has been in business since 1874, operates in the mid-Atlantic with their distribution territory stretching to Florida. They are Armstrong’s longest serving distributor partner.
“This significant equity investment further enhances the synergies achieved through our partnership with Haines that started more than a year ago,” said Mancini. “This trend of strategic alignment is one that most flooring companies – including Haines and Belknap – have pursued over the last several years.”
“As flooring distributors begin to consolidate, it is critical that distributors achieve a certain level of critical mass,” said Lanning. “This investment from Belknap is a win/win for both companies as we strive to build a larger and more stable distribution platform.”
The deal was finalized February 14th.
Related News
Wednesday, April 24, 2024
MANSFIELD, MASSACHUSETTS – The Belknap White Group (BWG), one of America’s leading full-service flooring distributors, has released its 2021 "Look Book." This multi-page publication has been compiled for architects and designers who...read more
Mansfield, Massachusetts - The Belknap White Group (BWG), one of America’s leading full-service flooring distributors, offers Crossvilles’ unique In-side Collection...read more
Mansfield, Massachusetts. The Belknap White Group (BWG), one of America’s leading full-service flooring distributors is pleased to announce Marazzi’s newest product collections are now available at the company’s nine East Coast locations. Offering innovative, on-trend looks...read more
MANSFIELD, MA - July 9 2020 - The Belknap White Group, one of America’s leading full-service flooring distributors, has announced the availability of free weekly educational ZOOM webinars for its customers...read more
MANSFIELD, MASSACHUSETTS – The Belknap White Group (BWG), one of America’s leading full-service flooring distributors, was the proud recipient of the prestigious Thomas Armstrong “Distributor of the Year Award” for...read more
Mansfield, Massachusetts. The Belknap White Group (BWG), one of America’s leading full-service flooring distributors, announces the arrival of the latest collections from Marazzi USA. Offering innovative on-trend looks, these new products will be...read more