Fishman Flooring Acquires Sobol Sales
Baltimore, MD., July 30, 2013 -– Fishman Flooring Solutions has purchased Sobol Sales of Cleveland, Ohio, effective July 29.
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Sobol Sales has been distributing products to the flooring installation industry in Northern Ohio since 1957.
Terms of the transaction were not disclosed.
The purchase of Sobol Sales gives Fishman a strong foothold in the greater Cleveland area, as well as the Toledo market, where Sobol Sales expanded in recent years.
The acquisition, the company said, is part of Fishman’s ongoing strategic plan that includes expanding its product line, acquiring established companies in new territories, as well as growing its business organically.
“Our mission now becomes building an even more loyal customer base in Northern Ohio by combining the things that made Sobol successful over the years with Fishman’s complementary product line and our approach to efficiently and effectively managing a flooring product distribution business,” said Bob Wagner, president and CEO of Fishman Flooring Solutions.
Bob Sobol will continue to be involved in the firm’s day-to-day operations.