Effective Thursday, December 1, 2016, Eastern Pennsylvania Supply Co., headquartered in Wilkes-Barre, Pennsylvania, a division of W.H. Conyngham & Co. Inc., has entered into a definitive agreement of sale to Hajoca Corporation of Ardmore, Pennsylvania, whereby Hajoca Corp. will acquire certain assets of Eastern Pennsylvania Supply Co.
The transaction is expected to close on Monday, January 23, 2017.
EPSCO is a family-owned wholesale distribution firm in electrical, plumbing, and heating goods. The company was founded in 1889 and services the northeast quarter of Pennsylvania with 11 branches.
Hajoca is also a family-owned corporation, founded in 1858, with hundreds of locations across the US. EPSCO has cultivated a strong relationship with Hajoca over the last several years and sees this as an excellent strategic and geographical fit for both parties.
“We expect to continue, and most certainly improve, the same high level of service to our most valued asset – you, our customers – and want to thank all of you for your friendship, support, and business,” said EPSCO President George G Conyngham, Jr.
Post-transaction, Ren Schuler, vice president operations, will continue as region manager of the Hajoca EPSCO region, and Joseph Kerestes, vice president finance, as operations manager. George Conyngham and Donald Conyngham will continue to be available for consultation as needed, but have elected to distance themselves from day-to-day operations.
Tagged with tED