Hardware Holdings, LLC Acquires Jones Stephens Corporation
New Partnership Expands Plumbing Specialty Category for HBC Home and Hardware Products
CRANBURY, New Jersey – September 30, 2014 – Hardware Holdings, LLC, a leading omni-channel distributor of home and hardware products , announced today that it has acquired the Jones Stephens Corporation. Jones Stephens is a leading distributor of plumbing specialty products, based in Moody, Alabama.
Under the Hardware Holdings umbrella, Jones Stephens joins Cranbury, NJ based HBC Home & Hardware Products, a leading distributor of quality products in the home environment, plumbing, paint sundries, security hardware, hardware and housewares categories and Houston, TX based hardware wholesale distributor, Handy Hardware. Jones Stephens will continue to operate out of the current Moody, AL and Pottsville, PA facilities, and the management team will remain in place.
“Jones Stephens’ deep plumbing category focus is a tremendous complement to our Aqua Plumb plumbing products offering and will enhance the value we can provide to our retail partners in the hardware and general merchandise trades. Additionally, Jones Stephens’ strength with plumbing wholesale distribution opens a new channel for our products, and we believe the acquisition will extend and enhance Jones Stephens’ respected industry position” stated Donald C. Devine, CEO of Hardware Holdings. “Their commitment to providing customers with best in class service, including fast shipping and quality handling, is right in line with our level of customer focus,” Mr. Devine added.
Since its 1993 founding, Jones Stephens has been developing and transforming their business with the addition of high-demand specialty decorative and rough kitchen and bath products that exceed the expectations of their expanding customer base. “Joining forces with Hardware Holdings will add efficiencies in global sourcing, supply chain management and product development that will position both organizations for continued growth,” added Dennis Allen, CEO of Jones Stephens Corporation.
About Jones Stephens: Jones Stephens is a premier master distributor of plumbing specialty products with a well-established brand name in the industry. With 18,000 SKUs within 13 product categories, Jones Stephens provides the broadest and deepest selection of innovative, hard-to-find specialty and common plumbing products. Primarily servicing the commercial and industrial market, Jones Stephens continues to develop and add superior products to help maximize the competitive position of its wholesale customer partners. Jones Stephens is headquartered in Moody, Alabama, with additional distribution centers in Pottsville, Pennsylvania and Valencia, California. Jones Stephens’ competencies, along with their extensive product offering, allow them to say with confidence, “We Got It”. For more information, please visit www.jonesstephens.com
About Hardware Holdings: Hardware Holdings, LLC brings together a unique combination of product development, merchandising, and distribution solutions across the home, hardware and building supply categories. They make it easier for their customers to navigate the global supply chain by distributing owned brands and branded products to all retail and commercial channels for the right delivered value. Through their HBC Home & Hardware Products, Jones Stephens and Handy Hardware divisions, they distribute over 75,000 SKU’s in 25 product categories. Their products are sold to home centers, mass merchants, discount stores, food and drug stores, independent hardware stores, industrial suppliers and commercial distributors. Hardware Holdings enjoys significant market positions in Home Environment and Plumbing Product categories. Under its umbrella of owned brands and nationally recognized brands are; Comfort Zone® (home environment), Guard® (locksets), Ultra® (security), WordLock (padlocks), Stanley®, PX® and HiTech® (paint sundries), Helping Hand® (housewares), Aqua Plumb® and Jones Stephens (plumbing). Hardware Holdings is headquartered in Cranbury, New Jersey, with offices in Houston, Texas; Moody, Alabama; and Wuxi, China, along with six US distribution centers. Hardware Holdings’ breadth of products, brands and capabilities enable the company to manage complex assortments and deliver simplicity to their customers while facilitating their success. For more information, please visit www.hardwareholdings.com
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