Plumb Supply announces purchase of Riback Supply
The deal is expected to close in the second quarter of 2015.
Des Moines, Iowa-based Plumb Supply Co., recently announced the purchase of Columbia, Mo.-based Riback Supply Co., a wholesale distributor selling residential and commercial plumbing and HVAC supplies.
The deal is expected to close in the second quarter of 2015. Riback Supply has 17 Missouri locations and one in Kansas.
“The combined strength of our two companies will help assure our future, provide solid careers for all our employees and enhance the service and products we offer our customers,” Plumb Supply President Scott Anshutz said.
Plumb Supply and Riback Supply both are family-owned businesses. Riback was established in 1934 and Plumb in 1946. Plumb Supply noted both companies share core values of honesty, integrity and trust, as well as a commitment to providing customers with knowledgeable service, innovative products and timely delivery.
“Combining our resources with those of Riback will provide us with additional size and resources to strengthen our business,” Anshutz said.
Riback will continue to operate under the same name in its markets. Customers and vendors will see no immediate change in how the company operates, but long-term, Plumb Supply noted, the company will be strengthened by a shared partnership of knowledge and increased market presence.