Feb
02
Triton Stone Group Brand Sells for $40M
ByTriton Stone Group of New Orleans has purchased the brand in a deal that also includes headquarters transfer and the addition of a new distribution center.
New Orleans—Distributor of granite and natural stone products Triton Stone Group of New Orleans has announced the purchase of the Triton Stone brand for $40 million. The deal also includes the company’s relocation to Triton Stone Group’s existing headquarters in New Orleans.
The firm, owned by Jensen Cos., will now operate as Triton Stone Group and will add a distribution center at the Port of New Orleans to its operations. The firm is investing $700,000 in the new 22,500-square-foot center with construction expected to commence by the second quarter of 2017. The new facility will result in an increase in container shipments to New Orleans…
