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Singer Equities, a wholly owned subsidiary of SBP Holdings, Houston, TX, has acquired Foster Hose and Fittings, St. Louis, MO. Terms of the transaction were not disclosed.
Foster Hose and Fittings is a distributor and fabricator of industrial hose, metal hose, silicone hose, hydraulic hose, fittings and expansion joints. Foster serves a diverse customer base in the food and beverage, pharmaceutical, chemical and industrial manufacturing markets, primarily in the Midwest region.
“Todd Sacco and his team have built a profitable business through servicing a high-end customer base with exceptional customer service and quality products and services," said Sam Petillo, president of Singer Equities. “We are very proud to welcome Foster to our team. This acquisition strengthens our core competence in industrial hose and expands our share in the food and beverage and chemical markets."