Home » Lewis-Goetz to Acquire Goodall Rubber Company
Lewis-Goetz to Acquire Goodall Rubber Company
March 30, 2006
Industrial distributor Lewis-Goetz and Company, Inc., Pittsburgh, PA, has agreed to acquire Goodall Rubber Company, from Trelleborg AB, a Swedish manufacturing firm. The company expects to close the acquisition on April 28, 2006.
This marks the 12th acquisition in the past 21 years for Lewis-Goetz. 'The acquisition of Goodall Rubber Company marks a continuation of our strategy to acquire industrial rubber distributors in geographic and industrial markets that provide diversification opportunities for our company,' said Lewis-Goetz CEO David R. Goetz Sr. 'This particular transaction expands Lewis-Goetzﾹs scope into much of the Canadian market as well as the Gulf Coast, the Midwest and the West Coast of the U.S.'
The combined revenues of the two companies will likely exceed $200 million.
Lewis-Goetz operates distribution facilities from the East Coast to the Great Lakes and south to Florida. Goodall's assets include distribution locations throughout Canada and the U.S. In all, the combined companies will have more than 50 locations throughout North America. The transaction also includes a hose manufacturing facility in Collingwood, Ontario.