A Toledo company that supplies janitorial and safety goods has been sold.
Genuine Parts Co. of Atlanta has agreed to buy Impact Products LLC. The purchase price was not disclosed.
Impact Products was founded in 1963 by the late Jim Findlay. It has distribution centers in Toledo and Walnut, Calif.
It will become part of S.P. Richards Co., which is Genuine Parts’ office products group. The deal is expected to close in early July.
Impact Products has 130 employees in the Toledo area, said company President and CEO Terry Neal. He said that number is not expected to change, and the firm will keep operating as Impact Products.
Genuine Parts said it expects the acquired business to generate about $85 million in annual revenues.