The 2020 Mid-Year Economic Update_long

Essendant, S.P. Richards to Merge

Deal creates stronger, more competitive business products distributor.

Essendant Inc. (NASDAQ: ESND), Deerfield, IL, and Genuine Parts Co. (NYSE: GPC), Atlanta,GA, will combine Essendant with GPC’s S.P. Richards business. The merger creates a “stronger, more competitive business products distributor with greater scale and service capabilities,” the companies said.

Combined, the companies had sales of about $7 billion in 2017.

 

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