Home | Business News | Browse by Publication | R | Retail Merchandiser

Movers and makers: PHS Group adds manufacturing to its repertoire in a bid to take it to the next level.

Article Excerpt
[ILLUSTRATION OMITTED]

The past two years have seen major changes in the way Synergy Brands, Inc.'s largest subsidiary, PHS Group, does business. And while the changes are mostly complete, the job for 2008 is to bring the company--which has made its first foray into manufacturing--to the next level.

Synergy Brands is a publicly held holding company that operates in the wholesale and online distribution of groceries and HBC items, as well as wholesale and online distribution of premium cigars. The company principally focuses on the sale of nationally known brand-name consumer products from major manufacturers and private label grocery products sold through national chain stores.

PHS, the largest Long Island-based P&G distributor for independent wholesalers and retail stores, handles brands such as Duracell, Folgers, Tide, Gillette and Pringles. It services approximately 1,000 customers throughout the New York metropolitan area. PHS accounts for $88 million of Synergy Brands' $90 million in 2007 sales. In May 2007, it acquired the...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!