Local distributor HP Products acquires St. Louis company

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based HP Products Corp., a distributor of janitorial supplies, has acquired Renard Paper Co. in St. Louis.

Terms of the purchase, which was completed Sept. 11, were not disclosed.

Renard Paper is a distributor of industrial and commercial cleaning products, paper goods, food-service products and safety equipment in the St. Louis area. The company was founded by Henri Renard in 1953 and was sold to HP Products by second-generation family members.

Renard does roughly $25 million in annual sales and has about 20 employees. HP Products said about 10 employees, including the sales team, will remain in place. The company expects to hire additional sales personnel in the future, it said in a press release.

HP Products, founded in 1964, has about 400 employees, including 220 in Indianapolis, and had $135 million in revenue in 2010. The company, the largest woman-owned business in the Indianapolis area, has operations in six states.

Its purchase of Renard is the company’s 14th acquisition in the past 20 years. In January, HP Products bought Great Lakes Supply and Chemical in Michigan City.

“This acquisition will double our size in the St. Louis marketplace, and this is an excellent complement to our business base that we established [in St. Louis] in 1987,” HP Products Chairman D. Ames Shuel said in a written statement.

Renard operates from a 100,000-square-foot warehouse and office complex and serves customers within a 100-mile radius of St. Louis.

Several of the combined company’s divisions will expand operations in the St. Louis area, HP Products President Bridget Shuel-Walker said.

Logistics support and warehousing operations will be at HP’s existing distribution center in nearby Hazelwood, Mo. HP has additional facilities in Indianapolis; Detroit; Chicago; Columbus, Ohio; and Paducah, Ky.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.