Fishman Announces Purchase of WJ Grosvenor
L. Fishman & Son, the holding company owning Fishman Flooring Solutions, a leading distributor of flooring and flooring installation supplies, has purchased WJ Grosvenor, a major distributor of flooring supplies, tools, and accessories in the Northeast U.S. effective December 3. The transaction brings together two of the oldest and most venerable flooring distribution firms in the U.S. Fishman celebrated its 100th anniversary in 2019 and Grosvenor began doing business in 1910, much of that time serving the flooring marketplace in New England. Terms of the transaction were not disclosed.
“Purchasing outstanding distribution firms in the flooring space has been part of Fishman’s strategic plan for many years,” said Bob Wagner, chairman and CEO of L. Fishman & Son. “Over the past several years, we have considered several acquisitions, but they were not the right match for our business and our culture. WJ Grosvenor, however, with its outstanding team of experienced employees in the flooring marketplace, is a terrific fit with our business and we are eager to join forces to win in the marketplace beginning immediately.”
Among the beneficiaries of the transaction is the New England flooring installation community, according to Wagner. Flooring contractors there will now have access to countless new flooring and flooring installation products currently distributed by Fishman, in addition to products distributed by Grosvenor. Included will be Fishman’s Landmark Interiors line of finished flooring products, including engineered hardwood, luxury vinyl tile and plank, water-resistant laminate, and sports and multifunctional flooring.
WJ Grosvenor will continue operating under its current name for the foreseeable future. Twenty of its employees, who are meeting customer needs at six branches in Massachusetts and a seventh branch in New Hampshire, will be joining Fishman.
About Fishman Flooring Solutions
Fishman Flooring Solutions, headquartered in Baltimore, Maryland, is the “Solutions Provider” distributor of flooring and flooring installation products. It has approximately 265 employees and 40 branches serving Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia. The firm, a division of L. Fishman & Son, Inc., distributes more than 26,000 products for more than 150 vendor partners. For more information, please go to www.lfishman.com.
Contact:
Nicole Robinson – Media Contact – nicole.robinson@lfishman.com – (410) 387-8926
Source: L. Fishman & Son, Inc.