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Bridgestone Corp.'s wholly-owned U.S. subsidiary, Bridgestone Hose America Inc., has agreed to acquire Masthead Industries LLC. Masthead currently operates hose sales and service stores known as HosePower, one of MDM's 2014 Market Leaders.
With Masthead's 34 locations in the U.S. and one in Mexico, the acquisition will help Bridgestone expand its hose product and service offerings.
Bridgestone primarily manufactures hydraulic hoses used in construction machinery and factories, but is looking to expand its sales of replacement hoses to end-users while developing a mining solutions business.