Cregger Co. recently transferred assets for two of its Illinois branches to St. Louis, Mo.-based Plumbers Supply Co.
The Cregger branches in Belleville, Ill., and Mount Vernon, Ill., now operate as part of the Plumbers Supply network. Customers are serviced by the current branch management and workforce with support from Plumbers Supply’s central distribution center and extensive local resources. Financial terms were not disclosed.
The transfer allows Boone, N.C.-based Cregger Co. to invest more heavily in core markets across Georgia, the Carolinas and along the Eastern seaboard.
“The decision to exit the Illinois market was difficult,” Cregger Co. CEO Morris Creggersaid. “We had built a loyal customer base and our associates in this market were an integral part of the Cregger family and played a significant role in the success of our company. We are confident the transfer of these operations to Plumbers Supply is in the best interest of our customers and associates. They are positioned to service the market geographically and as a financially strong, family-owned independent distributor. Their values are very similar to ours.”