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Blackman Plumbing Supply brings in TOTO

BY HBSDEALER Staff

TOTO, the $5.1 billion plumbing manufacturer, announced today that the company is increasing its market reach in the Northeast region of the United States by entering into a distribution agreement with Blackman Plumbing Supply.

The new deal, effective immediately, brings TOTO’s full line of residential and commercial fttings and fixtures to all of Blackman’s 19 branch locations throughout Long Island, New York and New Jersey, and will be on display in all Blackman showrooms. 

“Blackman Plumbing is proud to deepen our partnership with TOTO, an industry leader known for anticipating and creating the next generation of fxtures,” said Robert Mannheimer, president and CEO of Blackman Plumbing Supply. “Our new relationship with TOTO will allow Blackman Plumbing to continue to offer our discerning customers world-class products at the cutting edge of contemporary design.” 

“The Northeast region of the U.S. is a high priority for TOTO,” said David Krakoff, president of the Americas Sales Division for TOTO USA. “Our ability to partner with an organization of Blackman’s caliber to enhance our coverage of Long Island, New York and New Jersey is a particularly signifcant event.”

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Merit buys Canadian distributor

BY HBSDEALER Staff

The Merit Distribution Group will acquire Dynamic Paint Products, a 40-year-old family-owned distributor and manufacturer of paint-related products based out of Toronto, Canada.

The companies announced the deal early Tuesday. Terms were not disclosed.

Originally named Mumby and Associates, Dynamic mainly served the Toronto area, but over the years has seen exponential growth throughout Canada. Dynamic’s brand of paint-related products are currently sold throughout the world. 

Dynamic will move forward as a wholly owned subsidiary of The Merit Distribution Group. James Mumby will continue in his role as president and will oversee the Canadian and International business of Dynamic Paint Products.

“The addition of Dynamic significantly enhances our distribution footprint,” said Mitch Jolley, CEO of The Merit Distribution Group. “With warehouse facilities now located in Canada, we are positioned better than ever to deliver high-quality products and services to our customers.

The Merit Distribution Group, an Illinois corporation headquartered in Spartanburg, South Carolina, provides wholesale distribution of paint sundry, hardware and drywall related products through its Lancaster, Merit Supply, Merit Trade Source and Merit Pro trade names.

“We are excited to be part of the Merit Distribution Group team,” said James Mumby, president. “We feel there are significant synergies in this acquisition that will assist us in better servicing our customer’s needs by leveraging our 40 years of market knowledge, along with the knowledge and leverage that Merit brings to our organization.” 

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HCN Stock Watch: BLDR rises 2.66%

BY HBSDEALER Staff

Monday wasn’t too shabby for HCN stocks, especially for Builders FirstSource (BLDR), which jumped 2.66%.

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