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VWR TEXTILES & SUPPLIES ACQUIRES PETCO

 VWR TEXTILES & SUPPLIES ACQUIRES PETCO
 HICKORY, N.C., April 21 /PRNewswire/ -- VWR Textiles & Supplies


Inc., a leading distributor of materials used in the construction of upholstered furniture and bedding in the United States, today announced that it has acquired the assets and business of Petco Inc. Petco is one of the two primary manufacturers in the United States of welt cord, frame edge, spring edge, tacking strip and wire stake for the manufacture of upholstered furniture and other speciality markets. Petco has manufacturing facilities in Grand Rapids, Mich., and Newton, N.C.
 Petco will be operated as a division of VWR Textiles & Supplies with Jerry Mallonee, formerly one of Petco's principals, serving as president of the new division. The new Petco division will have annual revenues of about $7.5 million, and it is expected to make a significant contribution to the net income of VWR Textiles & Supplies.
 VWR Textiles & Supplies Inc. is a subsidiary of Momentum Distribution Inc. (OTC: MMDI), which is headquartered in Bellevue, Wash.
 -0- 4/21/92
 /CONTACT: Sanford L. Van Dyke of VWR Textiles & Supplies, 704-322-6980; or Valerie Winslow of Hill and Knowlton, 206-682-6944, for VWR Textiles & Supplies/
 (MMDI) CO: VWR Textiles & Supplies; Petco; Momentum Distribution Inc. ST: Washington, North Carolina IN: SU: TNM


JH-SC -- SE006 -- 0356 04/21/92 08:01 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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