The 2020 Mid-Year Economic Update_long

Industrial Distribution Group Stockholders Approve Acquisition

The stockholders of Industrial Distribution Group, Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services, have voted to approve the merger in which the company will be acquired by an affiliate of Luther King Capital Management.
 
The closing of the deal is expected to occur in mid-July 2008.
 
We are pleased to have completed this essential step for the merger with LKCM. We will be working closely with LKCM and its personnel to achieve an expeditious closing and smooth transition," said President and CEO Charles Lingenfelter.
 
"We are delighted that IDG's other shareholders saw the value in this transaction, just as we are excited about our acquisition of IDG," said J. Bryan King, ...

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