PEACHTREE CITY, Ga. — Tingue, Brown & Co., a provider of equipment, supplies and parts to the commercial laundry industry, reports that its Canadian subsidiary, Tingue Canada, acquired Toronto-based Cramer Co., effective Jan. 15.
Terms of the deal were not disclosed.
“We’re very happy for David Cramer, who ran a terrific business starting back in 1978,” says Ty Acton, Tingue’s president. “We’re also excited for the opportunity to expand our service to Canadian laundry operators going forward.”
Tingue has had a presence in the Canadian laundry market since the 1970s as well, having first worked through a variety of distributors, before eventually recognizing that its direct sales effort was what the market demanded.
Tingue expanded on its investment in its Canadian customers when it opened an office and warehouse in Orillia, Ontario, in 2015.
“Our Canadian friends have told us for years that we need local representation and a local distribution center in order to succeed,” Acton explains.
As part of this new deal, Tingue Canada has made a long-term commitment to Cramer Co.’s Toronto-area location. Several of Cramer Co.’s key employees will join the established Tingue Canada team, led by Patrick Robertson, who joined Tingue Canada in 2013.
“Ty has done an exemplary job navigating the two parties through this international acquisition process,” says David Tingue, CEO of Tingue, Brown & Co. “We have coveted the Canadian laundry market for a long time and this acquisition is yet another example of the financial commitment we are willing to make to serve the laundry industry.”
February 01, 2021 at 08:08PM
https://americanlaundrynews.com/articles/tingues-canadian-subsidiary-acquires-cramer-co
Tingue's Canadian Subsidiary Acquires Cramer Co. - American Laundry News
https://news.google.com/search?q=Laundry&hl=en-US&gl=US&ceid=US:en
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