The 2020 Mid-Year Economic Update_long

NW Synergy Acquires Southeastern Paper Group

The addition of SEPG to the NW Synergy portfolio — which now includes North American, WAXIE, SWPlus and SEPG — extends its geographical reach to nearly every corner of the country.
Southeastern Paper Group acquired

NW Synergy (NWS) — the combination of JanSan and facilities maintenance distributors North American, WAXIE Sanitary Supply and SWPlus — on Wednesday announced the acquisition of Southeastern Paper Group (SEPG), Spartanburg, South Carolina. Financial terms of the deal weren’t disclosed.

The addition of SEPG to the NWS portfolio extends its geographical reach to nearly every corner of the country. Additionally, the transaction “aligns with the organization’s vision of keeping buildings cleaner, people safer and making operations more productive, every day,” NWS said in the press release announcing the deal.

Adding SEPG to its portfolio will “enable the business to further its position as a national leader in janitorial supply, packaging solutions and specialty distribution.” NWS’s portfolio of distributors now operates 37 distribution centers across the country, with nearly 2,000 employees working to support more than 36,000 customers.

“The strategic acquisition of SEPG is part of our vision to continue to unite a fragmented market and scale the expertise and success of our core business,” said Mark M. Fisher, CEO of NWS. “They bring the same high-touch, customer-first culture of North American, WAXIE and SWPlus and extend our model of bringing strong category knowledge, industry leading products and a willingness to solve the most demanding problems for our customers.”

In business for more than 50 years, SEPG employs around 500 and provides food service supplies, facility maintenance solutions, and industrial packaging products across seven states throughout the Southeastern U.S.

“Our partnership with North American, WAXIE and SWPlus is a significant step forward in our ability to play a prominent role in the industry for the long-term,” said Lewis Miller, second generation owner of SEPG. “Expanded access to expertise and resources will ultimately fortifies our business, providing better service and value for our wide array of customers and a bright future for our employees.”

NWS, whose majority shareholder is the Monterrey, Mexico-based global conglomerate FEMSA, said its growing portfolio is able to leverage FEMSA’s “distribution and logistics expertise,” and that “the combined companies will complement each other’s distinct strengths and capabilities for customers and vendors alike.”

“Today our organization gets bigger and stronger,” said John Miller, co-chairman of the board. “The addition of SEPG establishes our combined entity in new parts of the country, broadening our reach and providing great opportunity to support existing customers.”

“The COVID-19 pandemic has put greater emphasis on the importance of proper hand hygiene and facility cleanliness,” added Charles Wax, co-chairman of the board. “By combining strengths, we’ll be able to provide more people the products they need to be safe and healthy.”

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