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BREAKING 7-2-08 John Georges Acquires Bossier's Harrison Co. - Annual Revenues Near $1B
The merger is valued at about $800 Million, with revenues from both Harrison Company and Imperial Trading, forecast to hit $1 Billion by 2010, Georges predicted. Prior to the merger, Harrison's CEO was Hal Martin, who has been retained as the President of the Bossier City Company. (Click here to listen to Martin's interview with Tom Pace)
The New Orleans business owner and investor, said his grocery distribution company, Imperial Trading Co. of New Orleans, had been looking throughout the Ark-La-Tex for a new partner, but chose Harrison and Bossier City over other strong sites.
“During my campaign for governor in 2007, I talked about economic development in Louisiana, so we decided to invest right here, and Harrison is a very good company with excellent employees and management,” Georges said. Harrison had more than $215 million in sales last year.
In welcoming Georges to Bossier's business community, Mayor "Lo" Walker said, “It is wonderful that these 150 jobs will be retained in Bossier City. I know John Georges by reputation. He is a very fine and respected business leader and community activist and his company will be a good corporate citizen of Bossier City.”
“I know that under John’s leadership, Harrison Company will continue to grow and create new opportunities for its employees and the people of Bossier,” the mayor said.
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