Hot Springs-based Sigma Supply of North America Inc. has been acquired by the distribution company Envoy Solutions of Glenview, Illinois.
Financial terms were not disclosed. The transaction, which is subject to regulatory approval, is expected to close in the second quarter of 2022.
The deal gives Envoy an additional two dozen locations throughout the nation, including a presence in the “key state” of Texas, the company said in a news release.
Envoy provides a wide array of products including sanitary supplies, packaging solutions and food service disposables to schools, hospitals, offices and other institutions. The distributor has been expanding rapidly, with 12 companies joining the company since August.
“Sigma Supply will be an excellent fit for our differentiated business model that thrives off the power of partnerships,” said Mark Fisher, Envoy CEO, said in the release. “Packaging Solutions is a core part of our business model, and Sigma Supply will expand our customer base, our capabilities, and our team of experts.”
In addition to packaging, Sigma provides equipment sales, technical support and online shopping with same-day shipping for more than 100,000 items. The company, founded in 1970, is owned and run by the Hamby family. The family will continue to lead Sigma as part of the agreement with Envoy.
“We are confident that by joining forces with Envoy Solutions we will take our business to the next level,” Banks Hamby, co-owner and vice president of sales, said. “This move will exponentially enhance the growth we’ve already seen as a company.”
Envoy Solutions is the parent company of North American Corporation, WAXIE Sanitary Supply, Southeastern Paper Group, Daycon, North Woods, PJP, Johnston, Next-Gen, Swish White River, Valley Janitor Supply Company, Weiss Bros., General Chemical & Supply, Bio-Shine, ATRA, and NVISION.
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