Belknap White Acquires Controlling Interest in JJ Haines
Mansfield, MA, February 14, 2019-The Belknap White Group has announced an expanded equity investment in the JJ Haines Company of Baltimore, Maryland.
In 2017, Belknap and Haines entered into a strategic partnership, with Belknap making an initial equity investment in Haines. The partnership allowed both companies to collaborate and work together to build an east coast flooring distribution platform. Collaboration in areas such as sales, IT and logistics has been on-going.
Recently, Belknap increased its equity investment and now holds a controlling interest in JJ Haines. Haines will continue to operate as a separate entity based out of Baltimore.
Hoy Lanning, the CEO & President of Haines, will report to the Haines board of directors. The board, which will be chaired by Raymond Mancini Jr., will oversee and set overall direction for the company.
Haines, which has been in business since 1874, operates in the mid-Atlantic with their distribution territory stretching to Florida. It is Armstrong’s longest serving distributor partner.