Indianapolis-based packaging and cleaning supplies distributor HP Products completes acquisition of St. Louis-based Renard Paper, plans to expand product offering in Q4
Kendall Sinclair
INDIANAPOLIS
,
September 12, 2011
(press release)
–
HP Products Corporation of Indianapolis, IN has announced that they have completed the acquisition of Renard Paper Company of St. Louis, Missouri. “We are very excited to have combined the wonderful people of Renard into our family. This acquisition will double our size in the St. Louis marketplace, and this is an excellent compliment to our business base that we established here in 1987”, remarked D. Ames Shuel, Chairman of HP Products. “The product lines are complementary, and our expertise in the sanitary maintenance, packaging, safety, lighting, textiles, and laundry/dietary segments will bring a wealth of opportunities for our customers. We are committed to this market, and plan to expand rapidly in the coming years.”
Renard Paper/HP is a distributor of industrial and commercial cleaning products, paper, equipment, foodservice, and chemicals in the greater St. Louis area, founded in 1953 by Henri Renard. HP Products presently services six states in the Midwest, and is the second-largest independent distributor of its goods and services in the country.
“Our strength is our people”, said Bridget Shuel-Walker, President of HP Products. “Renard is a respected and well-established company in St. Louis, and we are thrilled to have the opportunity to expand in the marketplace. We will invigorate Renard Paper with a greatly expanded product line and exceptional service. It’s our intention to continue to invest in the St. Louis and Kansas City areas. The sales team of Renard Paper will remain in place and be further enhanced with additional personnel in the near future.”
David Renard, President of Renard Paper, said “this is a perfect combination of forces for the St. Louis market. HP will provide the expertise in the varied segments that we currently don’t sell, and we can vastly strengthen our position in our current customers. The fact that we are still a family-owned business is a huge asset to the community.”
Renard/HP has also announced that they will be further expanding their product offering in the fourth quarter of 2011. Several of the companies’ other divisions will expand operations in the St. Louis area, including full cleaning and packaging equipment service capabilities with on-site repair, laundry/dietary chemicals and dispensing equipment, a full line of safety products and equipment, textiles, and a comprehensive offering of packaging supplies and equipment. Logistics support and warehousing operations will be located in HP’s St. Louis Distribution Center, located near Mills Mall in Hazelwood. HP Products was founded in 1964 and has 600,000 square feet of distribution facilities located in Indianapolis, Detroit, Chicago, St. Louis, Columbus, OH, and Paducah, KY.
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