We’re very excited about the opportunity this acquisition presents. Charleston is a port city which allows us to use it as a hub for the south east, servicing our existing location in Birmingham, AL but also opening up our distribution capabilities.
Austin, TX (PRWEB) September 16, 2013
Representatives with Pacific Shore Stones today announced that it is expanding to open its 13th location, in Charleston, SC. Pacific Shore Stones has been in talks with Giuseppe Telara, owner of local company World Stone Distributors, for around 10 months and decided now was the right time to move forward with the acquisition.
Pacific Shore Stones Operating Partner Vinny Tavares said, “We’re very excited about the opportunity this acquisition presents. It fits perfectly with our strategy of opening in second tier cities; the population of greater Charleston is around 800,000. On top of that, it’s a port city which allows us to use it as a hub for the south east, servicing our existing location in Birmingham, AL but also opening up our distribution capabilities to North and South Carolina, Georgia, northern Florida, and southern Alabama.”
The 43,000 square foot warehouse is the largest stone distribution facility in South Carolina, and will house a full selection of inventory from Pacific Shore Stones. The spacious facility allows for a large selection of exotics, such as onyx and quartzite, in addition to granite, marble, soapstone, travertine and limestone. Pacific Shore Stones will be quadrupling the amount of inventory that World Stone Distributors currently offers, meaning a much wider selection of slabs for customers to choose from.
In addition to buying all the assets, Pacific Shore Stones plans to keep all the existing staff, as well as adding one extra staff member – location manager Allen Morris, who has been with Pacific Shore Stones for over six years and has extensive experience in the granite industry.
In relation to expansion and plans for the local area, Tavares commented, “The company we acquired already has a strong presence in Myrtle Beach and Hilton Head. We plan to build on this and grow into the northern part of South Carolina. Looking to the future, we would like to add another east coast location next year.”
The acquisition comes following an impressive period of growth for Pacific Shore Stones, which was recently ranked on the 2013 Inc. 5000 list of the fastest growing private companies in North America, with a three year sales growth rate of 132%.
About Pacific Shore Stones
Pacific Shore Stones is a leading importer and wholesaler of exotic natural stones. Established in 2004, the company offers a wide selection of granite, marble, travertine, onyx, limestone, soapstone and engineered stone. Pacific Shore Stones has developed joint ventures with quarries across the world, built on strong relationships, providing access to the finest blocks. The company owners regularly visit quarries in places such as Brazil, Italy, Spain, India and Turkey, enabling them to keep up with new trends and to purchase unique stones.
The company distributes high quality, hand selected stone through 13 company-owned distribution centers across the U.S. Each center has a large inventory of over 120 colors plus knowledgeable staff delivering expertise and first class customer service.
Headquartered in Austin, Texas, the company also has distribution centers in Arroyo Grande, Bakersfield, Birmingham, Charleston, Fresno, Little Rock, Los Angeles, Memphis, Oklahoma City, Oxnard, San Antonio, and Tulsa.