Dr. John S. deLeeuw, owner and founder of the Trading Post Publications in Chesapeake and Richmond, Virginia, has sold his publications to Lancaster Management, Inc. of Gadsden, Alabama, according to Gary Greene of Cribb, Greene & Associates, who represented the seller in the transaction.
DeLeeuw co-founded the Tidewater Trading Post in 1963 while serving as a business school professor at Dominion University. The company initially served the Hampton Roads area of Virginia and later expanded into the Richmond market with the Mid-Virginia Trading Post in 1969.
The sold, over-the-counter classified product became a household name in central and tidewater Virginia and grew consistently through the years. The independently owned company was founded on the concept of “advertise free, pay only if and when you sell.”
The concept expanded and the company later accepted display advertising.
Lancaster Management retained the employees and will oversee the acquisition from their Hopewell, Virginia newspaper, the Hopewell News. As part of the acquisition, Lancaster purchased the real estate housing each publication.
Cribb, Greene & Associates is an eighty-five year old newspaper brokerage company with offices in Virginia and Montana.