Industrial Distribution Group Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, is now owned by an affiliate of Luther King Capital Management.
We are delighted that the merger with Eiger (the affiliate of Luther King) has been successfully completed,” said Charles A. Lingenfelter, IDG’s president and CEO. “The consummation of this transaction enables us to focus our full attention on our customers and suppliers. We will be a more agile company with the ability to adapt more swiftly in response to market changes.”
Eiger now owns 100% of the company’s stock. Eiger was formed to acquire IDG. Before the merger agreement, Luther King owned 14.9% …
Industrial Distribution Group Now Private
Industrial Distribution Group Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, is now owned by an affiliate of Luther King Capital Management.
We are delighted that the merger with Eiger (the affiliate of Luther King) has been successfully completed,” said Charles A. Lingenfelter, IDG’s president and CEO. “The consummation of this transaction enables us to focus our full attention on our customers and suppliers. We will be a more agile company with the ability to adapt more swiftly in response to market changes.”
Eiger now owns 100% of the company’s stock. Eiger was formed to acquire IDG. Before the merger agreement, Luther King owned 14.9% …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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