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J. Polep Distribution Services will remain in Chicopee warehouses following sale of real estate
Updated 5:34 AM;
CHICOPEE A New York investment company bought the warehouses used by J. Polep Distribution Services in Chicopee late last month for a total of $34 million.
But Polep, which was sold last year and is now a division of National Convenience Distributors, will remain in the buildings, said Jeff Polep, who remains as chairman of the board while his son, Eric, is CEO.
Back in September 2019, Palm Beach Capital Fund III announced it had invested in J. Polep Distribution Services and the company’s Rachael’s Food fresh deli business. Financial terms were not disclosed. Palm Beach Capital announced last year that it formed National Convenience Distributors out of Polep and two other distributors.
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