Lewis-Goetz acquires Action Industrial
Lewis-Goetz has acquired Action Industrial Group, a South Carolina-based fabricator and distributor specializing in fasteners, gaskets, hose products and industrial construction tools and supplies.
The acquisition will add seven Southeast locations to the Lewis-Goetz footprint, as well as considerable gasket fabrication technologies. Action Industrial Group has 78 employees and had $21.5 million in net sales last year. The financial terms of the deal have not been disclosed.
"Lewis-Goetz is a company built by acquisitions. Throughout our 80-year history, we have grown by partnering with companies that offer industry-leading technologies and game-changing service," said Don Evans, president and CEO. "Action Industrial Group brings all of that and more. This acquisition will build on our strength in the Southeast and expand our footprint into places like Memphis and Greenville. We also look forward to expanding our industry focus into facility maintenance."
As part of Lewis-Goetz, the team at Action Industrial Group will have the opportunity to expand its reach with more access to resources and greater opportunities to cross-sell products. Lewis-Goetz fabricates and distributes industrial hose, hydraulic hose, sealing and conveyor belt products from nearly 100 locations in the United States and Canada.
"This acquisition opens up opportunities for both our employees and our customers," said Jeff Nyman president and CEO of Action Industrial Group. "The same team that our customers know and trust will have even more resources to enhance our level of service. We look forward to introducing our customers to Lewis-Goetz solutions as we continue to grow during this exciting time."
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
