Florida Hardware Announces Merger with Monroe Hardware Company

Florida Hardware LLC, a leading provider of hardware distribution and manufacturing services since 1875, is pleased to announce the merger with Monroe Hardware Company of Monroe, North Carolina. This strategic merger is set to enhance operational efficiencies and expand the reach of Florida Hardware’s extensive distribution network. The transaction is expected to close in early fall 2024.

Florida Hardware LLC is owned by the Thieman Family, with Don Thieman serving as President and CEO. Under his leadership, the company has continued to grow and innovate in the Dealer Distribution industry. The acquisition of Monroe Hardware Company, owned by Carl Belk and led by President Greg Allred, marks a significant milestone in Florida Hardware’s long-standing history.

Merger Details and Operations Integration: Monroe Hardware’s inventory and sales operations will be integrated into Florida Hardware’s existing distribution facilities. Florida Hardware operates two distribution warehouses in Harrisonburg, VA, totaling over 170,000 square feet, and three distribution warehouses in Jacksonville, FL, totaling over 220,000 square feet. Additionally, Florida Hardware runs a manufacturing facility in Soperton, GA, where many Alligator Brand products, the company’s private label, are produced.

Reason for the Acquisition: The merger aligns with Florida Hardware’s strategic goal of expanding its market presence and operational capacity. By integrating Monroe Hardware’s sales operations, Florida Hardware aims to enhance its distribution capabilities and streamline supply chain processes, ultimately providing better service to its customers.

Benefits of the Acquisition:

• Enhanced Distribution Network: The merger will bolster Florida Hardware’s distribution network, ensuring more efficient and reliable delivery of products to customers across a broader geographical area.
• Increased Operational Efficiency: Consolidating Monroe Hardware’s sales operations into Florida Hardware’s existing facilities will optimize logistics and reduce operational redundancies.
• Expanded Product Line: The acquisition will allow Florida Hardware to offer a wider range of products, benefiting customers with a more comprehensive selection of high-quality hardware items.

Quotes from Key Personnel:

Don Thieman, President and CEO of Florida Hardware LLC, stated, “We are excited to welcome Monroe Hardware into the Florida Hardware family. This acquisition represents a significant step forward in our mission to provide exceptional service and products to our customers. We look forward to the opportunities this merger will bring.”

Greg Allred, President of Monroe Hardware Company, commented, “Joining forces with Florida Hardware is a natural fit for Monroe Hardware.  The broadened product offerings will greatly benefit customers in the combined territories.”

Financial Details: The financial terms of the acquisition were not disclosed.

About Florida Hardware LLC: Founded in 1875, Florida Hardware LLC is a family-owned business that has been a cornerstone of the hardware industry for nearly 150 years. With a commitment to quality and innovation, Florida Hardware continues to lead the market with its extensive distribution and manufacturing capabilities. Florida Hardware serves dealers in 18 states, the Caribbean Islands, and Central and South America. Combined with Monroe, Florida Hardware will have 60 salespeople serving these territories.

About Monroe Hardware Company: Monroe Hardware Company, a trusted name in the hardware industry since 1886, is known for its dedication to customer service and high-quality products.

The company website is www.floridahardware.com