Acquisition of Industrial Rubber and Supply of Savannah
FromExecutive board ERIKS nv
Telephone+31-72 54 75 888
Date9 March 2012
SubjectERIKS ANNOUNCES THE ACQUISITION OF INDUSTRIAL RUBBER & SUPPLY OF SAVANNAH, INC., IN THE UNITED STATES
ERIKS acquired the assets of Industrial Rubber & Supply of Savannah, Inc., a Georgia based distributor of fabricated industrial rubber products and related services through its wholly owned operating company Lewis-Goetz and Company, Inc. The acquisition was closed February 29, 2012.
About Lewis-GoetzLewis-Goetz, headquartered in Pittsburgh, Pennsylvania, is one of the largest industrial distributors in North America. Specializing in fabricated hose, conveyor belts and a wide range of gaskets, the company serves customers in a wide range of industries from 86 locations throughout USA and Canada. Lewis-Goetz generates with 1200 employees an annual sales level of approx. 400 M USD. Lewis-Goetz provides ERIKS with a platform for growth in fabricated hose, gaskets and conveyer belts in North America and will significantly strengthen ERIKS’ market position in the United States. For more detailed information please visit www.lewis-goetz.com
About ERIKSFounded in 1940, ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services.
ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology, sealing technology, bearing and power transmission including electromechanical services and condition monitoring, industrial plastics, and tools and maintenance products. ERIKS currently consists of more than 65 companies with branches in 26 countries, serving over 200,000 customers. In 2011, ERIKS generated net sales of € 1.3 billion (USD 1.9 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a private-held family company with net sales in 2010 of €16.0 billion (USD 23.1 billion).