Noland Acquires One-branch Wholesaler In North Carolina
Noland Co. (Newport News, Va.) purchased certain assets of Heat-Cool Specialties, a one-branch wholesale distributor of heating and cooling products in Charlotte, N.C. Noland operates 15 other branches in North Carolina, none in Charlotte. Financial terms were not disclosed.
Noland is leasing the facility and is using many of the Heat-Cool employees to staff the new branch. It also said it gained distribution rights in the geographical area to the complete line of Ruud heating and cooling products. Matt Weaver, Southeastern regional sales manager, said in a statement that he expects the Charlotte branch to grow and it will be an important base for increasing the wholesaler's business in Western North Carolina.