Interplastic Corporation Purchases Mahogany Distribution Company Of Mays Landing

St. Paul, MN - Interplastic Corporation announced that is has acquired the composite materials distribution business of Mahogany Company of Mays Landing, Inc. The acquired business encompasses two distribution centers in Mays Landing, NJ, and stocking locations in Everett, PA and Duncan, SC. The purchase also includes exclusive distribution rights within the territory of Mahogany produced composite kits.

The Mahogany distribution business will be combined with North American Composites' (NAC) Northeast/Mid-Atlantic District and will be headquartered in Mays Landing, NJ.

"We are pleased to complete the sale of our distribution company to such a fine organization as NAC. The great opportunities in our kit cutting business excite us and we look forward to focusing our assets in that area," said George M. Aaron, Chairman & CEO of Mahogany Company of Mays Landing, Inc.

"We are delighted to consummate the acquisition of this well-respected organization. We are very impressed both by the overall quality of the organization and the capabilities of its employees," said Mark Brost, Vice President & General Manager of North American Composites.

Source: Interplastic Corporation