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Stock impact report

Transom Capital-Backed Galleher to Combine with Virginia Tile, Expanding Presence & Deepening Expertise Across Surfaces [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
to announce the acquisition of Virginia Tile Company, LLC (“Virginia Tile”). Virginia Tile is a Midwest-based specialty distributor of design-centric tile, decorative surfaces and installation accessory products headquartered in metro Detroit. Virginia Tile will be joining forces with Galleher, LLC (“Galleher”) to create a leading flooring and tile products distributor of national scale with unique product development, merchandising and fulfillment capabilities. This milestone marks a significant change in the landscape of the domestic flooring distribution market. Galleher is the largest floor covering distributor in the western U.S. and the third largest flooring distributor in the U.S. offering hardwood flooring, luxury vinyl plank and installation accessories. Virginia Tile is the leading tile distributor in its core Midwest markets, with 19 showrooms across 12 states, offering a vast assortment of tile and decorative surfaces products. The companies sell to the professional con Show less Read more
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