Momar Forms Strategic Partnership with Widespread Industrial Supplies
ATLANTA, Dec. 14, 2017 /PRNewswire/ -- Momar, Inc., a leading specialty manufacturer of general maintenance and sanitation chemicals, has formed a strategic partnership with Los Angeles-based Widespread Industrial Supplies, Inc. Under the shared services agreement, Momar will offer strategic, capital, and administrative support to the 15-year-old industrial supply company.
"This is an essential and strategic expansion of our marketing potential," said Julian Mohr, Sr., President of Momar. "Widespread's product range enables us to materially expand the customer base for our entire sales group."
Widespread's line of highly technical and industry-specific tools — including fasteners; cutting, hand and power tools; and electrical, welding, chemical and safety-related supplies— significantly broadens Momar's previous capabilities in that industrial product area. Widespread's hundreds of customers will reap the benefits of Momar's strong salesforce.
Josh Dorfman, CEO of Widespread Industrial Supplies, said, "Our two companies over many years have enjoyed an excellent reciprocal business relationship in that we were both vendor and customer to each other. With the synergy already there, everything about this partnership really made sense."
In its eighth decade of operation, Momar continues to grow with industry-leading research, advanced product development and strategic partnerships. The family-owned and operated Atlanta-based company, which now offers more than 5,000 products, systems and services, recently made its largest acquisition to date with the purchase of Superco Specialty Products.
In the shared services agreement, Widespread benefits from the increased firepower that Momar brings to the table. According to Dorfman, Widespread, in turn, offers a turnkey West Coast business presence to Momar and opens more doors for the expanding manufacturer. Widespread has relationships with more than 100 distributors and manufacturers around the world.
Julian Mohr, Jr., Chief Executive Officer of Momar, said, "We're really looking forward to this partnership and are happy to support a quality entrepreneurial organization that needed growth capital and a partner to aid in its growth strategy."
"The timing was just right," Dorfman added. "It was very intriguing to me to do business with people you're already comfortable with. How much better can it get than partnering with a friend?"
About Momar, Inc.
Founded in 1947, Momar, Inc. is a specialty manufacturer of general maintenance and sanitation chemicals. From an original foundation of 150 general and specialized maintenance chemicals, the Atlanta-based company has grown to proudly offer more than 5,000 products, systems and services through its eight divisions. Momar specializes as a Total Fluids Management supplier and provides its customers with virtually every product or service available in the areas of maintenance chemicals and equipment, lubrication, water and waste water treatment, food processing chemicals, mineral handling, specialty hardware, industrial safety, and expert application services.
Media contact:
Judy Treadway
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404-355-4580
SOURCE Momar, Inc.
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