Belknap-Haines has purchased the assets of STC, formerly known as Swiff-Train.
The acquisition will expand Belknap-Haines’ presence into Texas. STC sales teams also service Oklahoma, Louisiana, Colorado, Arkansas, Mississippi and Florida. STC will retain its leadership teams and operate as a separate division of Belknap-Haines. The company did not disclose the price of the purchase.
“We are excited to be part of the Belknap-Haines family,” STC President Shane Calloway said in a statement. “With the financial strength they bring to the table, we believe this will allow STC to introduce new products and grow into new markets.”
STC sells primarily private-label products. Belknap-Haines, owned by the Mancini family, plans to grow the STC portfolio by adding other branded products.
“This transaction is another example of the Mancini family investing for the long-term in the flooring distribution business,” Belknap-Haines President Paul Castagliuolo said in a statement. “We are excited to continue our expansion into the Texas and Gulf Coast market through our transaction with STC.”
Belknap White Group purchased a controlling interest in Haines in 2019. Belknap-Haines recently expanded into Ohio, Indiana and Kentucky in a distribution partnership with AHF Products.
Swiff-Train has operated since 1937 and rebranded to “STC” in 2021.
