Tom Karol, CEO of T&L Distributing, one of the largest flooring distributors in the Southwest, announced today that a Letter of Intent has been signed for E.J. Welch Company based in St. Louis, Missouri, to purchase a controlling interest in the company. The transaction is expected to be effective on September 30, 2020.
With more than 50 years in flooring and sundry distribution, E.J. Welch has a footprint that covers 14 states with 25 locations. Mitch Jolley, CEO of E.J. Welch said, “We are excited to have the associates of T&L join our organization to further solidify our growing position in the industry. They have a very experienced team that will be a good fit for our company.”