Founded | 1964 in Indianapolis, IN |
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Founder | Donald Ames Shuel |
Type | Wholly owned subsidiary |
Headquarters | Indianapolis, IN |
Products | Health and Hygiene, Packaging, Safety, Laundry and Dietary, Lighting, Equipment, Food Service, Coffee and Beverage, Textiles |
Website | http://www.hpproducts.com/ |
HP Products, a Ferguson enterprise, headquartered in Indianapolis, Indiana, is a distributor of health and hygiene, packaging, safety, laundry and dietary, lighting, equipment, food service, coffee and beverage, and textile products. [1]
In 1964, Donald Ames Shuel bought a struggling business in downtown Indianapolis, H.P. Chemical, and changed the name to HP Chemical Products. [2] The business started with one office and a focus on janitorial products, and goal to provide the best products, services and support. [3]
As the company began to grow, it became HP Products, and started to diversify its product lines and acquire organizations to meet the changing needs of its customers. [4] In 2000, Shuel's daughter, Bridget Shuel-Walker, assumed the role of President. [1] In 2009, HP Products was valued at $150 million. [5]
With the help of Deloitte Corporate Finance LLC, HP Products began to explore various strategic alternatives to aid in the continued growth of the company. [6] On December 9, 2014 the company announced it was acquired by Ferguson Enterprises, the largest wholesale plumbing distributor in the U.S., to become a wholly owned subsidiary known as HP Products, a Ferguson enterprise. [2] Ferguson Enterprises has been a part of Wolseley plc since 1982. [7] Wolseley plc is listed on the FTSE 100 Index, a list of 100 company's part of the London Stock Exchange.
HP Products is located in six states in the Midwest with over 450 employees. [4] The company has grown to include 5 distribution centers, 3 cross-docks and 500,000-square-feet of warehouse space. [3] In 2013, the company reported $180 million in revenue. [2] HP Products remains one of the largest distributors of its kind in the United States. [1] With its expanded product offering and increased distribution footprint, HP Products is now a single-source supplier for hundreds of customers. [3]