Triton Stone of New Orleans Acquires Triton Stone Group Brand

Posted on 06 February 2017 by cradmin

triton stoneTriton Stone Group of New Orleans announced the acquisition of Triton Stone Group Brand. Moving forward the company will be referred to as Triton Stone Group and its corporate headquarters will relocate to New Orleans. The announcement was made by Katie Jensen Peralta, president of Triton Stone Group.

Following more than a $40 million investment, the newly acquired Triton Stone Group will continue the tradition set forth by Triton Stone Group of New Orleans, by operating as a women-owned business with the two Jensen sisters at the helm. Katie Jensen Peralta will serve as president and Rachel Jensen Jones will serve as vice president.

Triton Stone Group will relocate its corporate headquarters from Southaven, Miss., to an existing New Orleans area office located at 6131 River Road in Harahan, La. Southaven will remain an operating Triton Stone Group location, so no workforce changes are anticipated because of the corporate headquarters transfer.

Furthermore, Louisiana Economic Development (LED) committed a $100,000 performance-based Economic Development Award Program grant to offset part of the cost of a new value added distribution facility that Triton Stone Group plans to build on Port of New Orleans property. The new 22,500 sq. ft. facility is anticipated to break ground in the spring of this year. As a result of LED’s support, Triton Stone Group is projecting the creation of 12 permanent, full-time jobs ranging from corporate positions to managers to dock and warehouse workers.

Triton Stone Group gained five new locations as a result of this acquisition – Southaven, Miss.; Little Rock, Ark.; Knoxville, Tenn.; Huntsville, Ala. and Birmingham, Ala. Additionally, it owns and operates nine locations across the Southeastern United States including New Orleans and Baton Rouge, La.; San Antonio and Austin, Texas; Mobile, Ala.; Portsmouth and Richmond, Va.; Raleigh, N.C. and Charleston, S.C. In total, Triton Stone Group employs 218 employees across 14 locations in nine states.

You may also be interested in this article about Wilsonart acquiring Bushboard in U.K.

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