Novexco completed the acquisition of S.P. Richards Canada from Genuine Parts.

Novexco, a Canadian owned distributor of office supplies, technology products and furniture, completed the acquisition of S.P. Richards Canada, a business products distributor throughout the US and Canada, from Genuine Parts, a distributor of automotive replacement parts. Financial terms were not disclosed. "This acquisition is complementary to our current distribution channel. The acquired warehouses in Western Canada will help us serve our customers in the West, whereas our existing warehouses in Eastern Canada will help reduce the delivery time to S.P. Richards Canada's customers in the East. We are pleased to expand our presence in Canada and offer an array of products and a robust coast-to-coast distribution service," Denis Mathieu, Novexco President and Chief Executive Officer.