St. Louis, MO-based Marcone has acquired Professional Plumbing Group (PPG), a distributor of plumbing products for repair and remodel applications. Glen Mills, PA-based PPG designs, manufactures, markets and distributes plumbing products, including its own brands Wolverine Brass, and Speakman.
Marcone, which is owned by Genstar Capital, distributes residential appliance parts. The acquisition marks the company’s move into plumbing parts and equipment.
“PPG is a superb business and a leader in the plumbing specialty marketplace operating through highly diversified sales channels with long-established customer relationships. Its brands are well known and trusted among the trade community and is a strong strategic fit with our go forward strategy,” says Marcone CEO Jim Souers. “We are excited to capitalize on increased spending on plumbing products from consumers, technicians and larger strategic accounts, and look forward to working together with PPG to accelerate growth. We are pleased to welcome PPG’s strong management team and organization to the Marcone family.”