CNRG Acquires Moore’s Hardware
July 16th, 2013
Natchez, Mississippi – Central Network Retail Group, LLC (CNRG) is proud to announce the acquisition of Moore’s Hardware in Dahlonega, Georgia which was completed today. The store is located at 550 Grove Street N in Dahlonega and has a 11,500 square foot sales floor with an additional warehouse and lumber yard. Moore’s features a broad assortment of lumber, building materials, millwork, hardware, paint, electrical, and plumbing products. Lamar Ricketts, Moore’s former owner and manager, has agreed to stay and consult with CNRG.
“Moore’s Hardware is an exciting addition to our Georgia stores,” said Jimmy R. Smith, chairman of CNRG. “We now operate five stores in our Georgia market, which we started earlier this year.” Boyden Moore, president of CNRG, added, “Lamar and Bernice Ricketts built a great store in Dahlonega over the past 20 years that they’ve owned and operated the store. We are proud to have the opportunity to add Moore’s to our portfolio of stores and carry forward their commitment to serving the lumber and building material needs of Dahlonega and Lumpkin County.”
“CNRG was a good fit for us,” said Lamar. “After 20 years of running this business, it was important to us to choose a good owner for the future. CNRG understands our business and they are committed to investing in it for the future. We think this is a win for us, a win for CNRG and a win for Dahlonega.”
About Central Network Retail Group, LLC
CNRG currently operates 44 home center and hardware stores in Mississippi, Louisiana, Alabama, Tennessee, Texas, North Carolina, and Georgia under nine separate brands. The company is building a multi-format, multi-brand operating company through strategic partnerships and acquisitions. More information on Central Network Retail Group can be found at www.cnrgstores.com.
Contact: Boyden Moore | (901) 205-9075 | email@example.com