Sigma Supply in Hot Springs acquired by Envoy Solutions
Envoy Solutions announced Wednesday (April 13) it has reached an agreement to acquire Sigma Supply, based in Hot Springs. Financial terms of the deal were not disclosed, but the transaction is expected to close in the second quarter.
Sigma Supply provides packaging materials, packaging equipment solutions, and personalized services across North America. It has two dozen locations in the U.S.
“Sigma Supply will be an excellent fit for our differentiated business model that thrives off the power of partnerships,” said Mark M. Fisher, CEO of Envoy Solutions. “Packaging Solutions is a core part of our business model, and Sigma Supply will expand our customer base, our capabilities, and our team of experts. Banks, Scott, and Maggie Hamby oversee a top-notch team at Sigma Supply with a family-oriented culture like ours, and with their continued leadership, I’m looking forward to achieving great success together.”
Founded in 1970, Sigma Supply said it has expanded and upgraded six warehouses in multiple regions of the country. The company is a one-stop shop for packaging solutions, equipment sales, technical support, and online shopping with same-day shipping for more than 100,000 items.
The company, which spans three family generations, is currently run by the Hamby family. They will continue to lead Sigma Supply as part of the new partnership with Envoy Solutions.
“We are confident that by joining forces with Envoy Solutions we will take our business to the next level,” said Banks Hamby, Co-owner and vice president of Sales at Sigma Supply. “This move will exponentially enhance the growth we’ve already seen as a company.”
“We look forward to continuing to lead the business that we’ve run for so long, now with the resources and reach of Envoy Solutions’ national platform,” said Scott Hamby, Co-owner and vice president of Operations at Sigma Supply. “Together, we will transform the way packaging solutions are delivered so that our loyal associates and customers benefit.”
Sigma Supply is the 12th company to join Envoy Solutions’ rapidly growing national platform since August 2021. This combination will expand Envoy Solutions’ presence in the packaging solutions space to include the key state of Texas and across the South, and it will support Sigma Supply’s continued growth throughout the nation.
Envoy Solutions, based in Glenview, Ill., is a national diversified distribution company. It provides a wide array of products, including sanitary supplies, packaging solutions, and foodservice disposables for schools, hospitals, offices, and other institutions.