New York-based L&R Distributors Inc. has announced it will take over the assets of Pine Bluff-based SAJ Distributors and the private label Select Brand from Walgreen Co.
The terms of the agreement between L&R and Walgreen, including purchase price and closing date, weren’t immediately released.
Walgreen Co. acquired SAJ from Stephen L. LaFrance Holdings Inc. and members of the LaFrance family through its purchase of the USA Drug chain in July.
L&R plans to continue operations at the SAJ Distribution Center and the company’s offices in Pine Bluff, maintaining both the SAJ name and several members of its staff. L&R will also introduce some of its own products and programs to SAJ over time, the company said in a statement.
SAJ Distributors provided more than 22,000 products to more than 1,000 grocery, drug and discount stores, the Arkansas Democrat-Gazette reported in July.
L&R is a national distributor of beauty and general merchandise products.