Sonepar Buys Friedman Electric Supply
Sonepar USA, Philadelphia, PA, has acquired Friedman Electric Supply, Exeter, PA.
According to the regional newspaper covering Exeter, the Times Leader, Friedman was started more than 65 years ago and has 12 locations in Pennsylvania and New York and about 275 employees.
The firm's president told the paper that the decision to sell was difficult but in the end, "it will be good for the family, employees and customers."
Sonepar operates in 25 states and has more than 160 branch locations nationwide.
See article cited here.