Lewis-Goetz and Company Inc., Pittsburgh, PA, No. 23 on MDM’s list of the top 40 industrial distributors, has acquired Industrial Rubber and Supply, a Savannah, GA-based distributor of fabricated industrial rubber products and related services. The acquisition was closed Feb. 29, 2012.
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“The southeastern U.S. is an area where we have focused acquisition-related resources for years,” said Jeff Crane, president and CEO of Lewis-Goetz. IR&S will help expand our presence and create density in an important geographic market. It helps solidify our position in the pulp and paper markets, which remains a focus of our national account activities.”
Johan Sleebus, chairman of the Executive Board of Lewis-Goetz’s parent company, ERIKS Group, said: “The Executive Board fully supports Lewis-Goetz in their acquisition plans. The further growth of Lewis-Goetz and our other North American-based companies (ERIKS Seals and Plastics, Rawson, Newdell, Diamond Gear, Industrial Controls and Quantum) is in line with the commitment of ERIKS to expand further in North America in the coming years."
ERIKS has more than $700 million in annual sales in North America.