We picked up some outstanding sales reps and outstanding customers, and we are looking forward to helping these new dealers improve and grow their businesses.
(Dec. 14) In last month’s article on House-Hasson’s acquisition of Moore-Handley—“At Moore-Handley, a complicated demise”—the Knoxville, Tenn. -based House-Hasson had little to say out side of court papers.
The company has since opened up.
“Moore-Handley was a great fit for us,” said president and CEO Don Hasson, in a prepared statement. “We picked up some outstanding sales reps and outstanding customers, and we are looking forward to helping these new dealers improve and grow their businesses.”
Moore-Handley, a regional hardware distributor founded in 1882 and based in Pelham, Ala., filed for Chapter 11 bankruptcy protection on July 17. House-Hasson emerged as the high bidder during a bankruptcy auction—outmaneuvering Bostwick-Braun—and was awarded substantially all assets of the company on Oct. 2 by the U.S. Bankruptcy Court, Northern District of Alabama.
Hasson said the deal was a key reason why the company‘s Fall Dealer Market in late October was the “best show we’ve ever had.” He added: “This acquisition is quickly paying dividends for us.”
The deal also allows the company to call itself “the largest independent, regional distributor in the United States.”