Orders to sell Florida facilities to Witex and exit Florida, So. Georgia markets

Witex USA has signed a letter of intent to purchase from Orders Distributing two Florida warehouses and assets, and assume related lease obligations currently held by the Greenville, S.C-based distributorship. Terms of the sale, which is expected to be executed by Sept. 30, were not released.

According to Orders president C. Michael Smith, the transaction will allow Witex to expand its presence in Florida and southern Georgia. For its part, Orders will cease to offer distribution in those territories and instead focus on increasing its market share in its core markets of South and North Carolina, Virginia, West Virginia, Ohio, Tennessee, and Kentucky.