Storey Kenworthy, a furniture and office solutions company based in Des Moines, has purchased Rite Price Office Supply, located in Oelwein.
As Corridor Business Journal reports, Rite Price first opened its doors to customers in 1979, founded by Richard Price, and was later purchased in 1995 by two couples, Tom and Jill Kleppe and Todd and JoDee Granberg.
Following its purchase by Storey Kenworthy, the Kleppes will remain as managers of the Oelwein store while Rite Price employees “have been offered jobs by Storey Kenworthy.”
Through the acquisition of Rite Price, Storey Kenworthy has acquired its 12th location in the state of Iowa.
“Our ability to continue growing while the overall market for office products is shrinking reflects Storey-Kenworthy’s ability to react quickly as the market undergoes rapid consolidation, and our unique ability to serve all the furniture and office products needs of companies large and small,” remarked company President John Kenworthy.
