CLARK Flooring Solutions, a Pittsburgh, Pa.-based distributor, announced that they have entered into a merger and acquisition agreement with L. Fishman and Son, Inc., a company headquartered in Baltimore, Md. The closing of this agreement is planned to occur in early Nov. 2008. Both firms are highly regarded sundry supply distributors to the flooring trade.
“I am very
excited about this acquisition by Fishman and it is a perfect fit with our
strategic growth plans as the Solution Provider distributor to the professional
floor covering trade,” said D Clark, President of CLARK Flooring Solutions.
delighted to expand regionally as well as being able to offer more choices to
our customers,” said Bob Wagner, President of L Fishman and Son. “We are excited about the new opportunities that
the combined strengths of two companies will create. We believe that there will
be a strong future shared by Fishman and CLARK for our customers.”
The CLARK –
Fishman Flooring Solutions division of L. Fishman and Son will continue to be
the “Solutions Provider” distributor, and will remain business as usual from a
position of strength and reliability, according to Wagner.