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Germany-based Wurth Group has acquired industrial supply and machine tool distributor Oliver H. Van Horn Co. LLC, New Orleans, LA.
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Wurth-Americas is No. 15 on MDM's list of the top 40 industrial distributors.
Lee Eagan, CEO of Oliver H. Van Horn Co., said the 107-year-old company would continue to employ its 75 employees in its seven branches under the name: Oliver Van Horn Co. LLC – a member of the Wurth Group.
The distributor has been owned and operated by the Van Horn family since 1903. It sells abrasives, cutting tools, machine tools and related maintenance and repair products.
The Wurth Group is in 84 countries with 400 companies, generating about $11 billion in sales worldwide.
"This acquisition extends our business interests into a new but complimentary market category that we have looked at for some time," Robert H. Stolz, CEO of North America for The Wurth Group. "Van Horn's reputation in this region is legendary. We're honored to have this outstanding firm and its terrific employees join our family of companies. And we are looking forward to Lee and his team helping us to continue to expand this MRO segment of our business across the USA."
Eagan will remain CEO of the company. "Our operating philosophy for more than a century has always been customer-focused," he said. "We know we are joining a company now whose core philosophy in this regard matches ours, and whose resources will simply allow us to continue to find new means for only improving what we do day after day for our customers everywhere."