Wilmar Industries to Buy BTB Cataloger Barnett

Share this content:
Wilmar Industries Inc., Moorestown, NJ, said this week that it has signed an agreement to acquire Barnett Inc., a business-to-business cataloger of plumbing, electrical and maintenance supplies.


Wilmar, a distributor of plumbing and maintenance products, agreed to pay $13.15 in cash for each share of Barnett, valuing the stock portion of the transaction at about $214 million. Wilmar said Waxman Industries, which owns 44 percent of the outstanding stock of Barnett, has agreed to vote in favor of the acquisition.


The combined companies, which Wilmar said would offer several complementary product lines, will have more than $600 million in annual revenues and about 2,100 employees.


Barnett, Jacksonville, FL, markets its products through six catalogs and a telesales operation.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above