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FOR IMMEDIATE RELEASE
Media Contact: Jake Mitchell, 800-274-6244 ext.1468, jakemitchell@nbhandy.com
N.B. Handy Company Acquires Morris Ginsberg & Co. - Purchase expands N.B. Handy’s commercial and residential roofing distribution program
Lynchburg, Va. (October 1, 2007)--N.B. Handy Company, one of the country’s leading distributors of commercial roofing products, architectural metals, sheet metal fabricating equipment and HVAC equipment and supplies, announces today it has acquired Baltimore-based roofing distributor Morris Ginsberg & Co, LLC. The acquisition will allow N.B. Handy to expand its commercial and residential roofing services throughout Maryland, Washington, D.C. and Northern Virginia.
“We are pleased to have this opportunity to grow our market base with the addition of one of the industry’s top distributors of commercial and residential roofing products,” said Mitch Reaves, president & CEO of N.B. Handy. “Morris Ginsberg has always had a strong reputation for quality service, and this acquisition will allow us to better serve our customers in Maryland, Washington, D.C. and Northern Virginia with increased commercial and residential roofing services.”
Morris Ginsberg will continue to operate its three locations in Baltimore, Md., and Herndon and Lorton, Va., as a subsidiary of N.B. Handy Company. The company’s senior managers Jim Murray, a 30-year roofing industry veteran, and Paul Whelan, a 20-year roofing industry veteran, will continue to manage the company under Reaves’ leadership.
“This is an exciting milestone for our company,”said Jim Murray, President, Morris Ginsberg & Co. “N.B. Handy is well-respected in the industry and provides extensive product knowledge and first-rate customer service, which are also core values of Morris Ginsberg. This combination will allow us to more effectively cover the residential and commercial roofing market in Maryland, Washington, D.C. and Northern Virginia. Additionally, we fully expect that this acquisition will create enhanced opportunities for our employees.”
“We are pleased to be a part of the N.B. Handy team,” said Paul Whelan, Vice President of Sales, Morris Ginsberg & Co. “The company’s architectural metal expertise, combined with its customer-centered philosophy, will allow us to further expand the scope of services we offer our customers.”
Both companies are committed to making this a smooth transition for customers, suppliers and employees, and will continue to deliver outstanding customer service and high-quality roofing products, said Reaves.
Morris Ginsberg & Co. was founded more than 75 years ago as Morris Ginsberg & Son in Baltimore. In 2004, the company was purchased by Hammerhead Distribution, Inc. Since this time, Morris Ginsberg has more than doubled in size through two additional facility openings in Herndon and Lorton, Va., and several other management-led growth initiatives.
N.B. Handy has grown from its founding in 1891 as a supplier of metals, metal fabricating machinery and hardware materials to one of the country’s largest wholesale distributors of commercial roofing products, architectural metals, sheet metal fabricating equipment, and HVAC equipment and supplies.
About N.B. Handy
N.B. Handy is one of the country’s largest wholesale distributors of commercial roofing and waterproofing supplies, and precision metal fabricating machinery, including on-site repair and service. HVAC equipment and supplies for residential, commercial, and industrial use. Headquartered in Lynchburg, Va. since 1891, the company has 15 strategically located, full service sales and distribution facilities in Maryland, Virginia, North Carolina, South Carolina, Georgia, Florida and Tennessee. For more information about N.B. Handy Company sales and service, call 800-274-6244 or log on to www.nbhandy.com.
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