Posted January 4, 2022

Belt Power acquires Accurate Industrial Products

Belt Power, a distributor and fabricator of belting and components for lightweight conveyor systems, has acquired Accurate Industrial Products.

Belt PowerThe terms of the acquisition were not disclosed.

The fabricator and distributor of lightweight belting products and services serves customers across the country from locations in the St. Louis, Missouri and Columbus, Ohio markets.

Accurate serves a broad array of industries, including food processing, auto/tire manufacturing, consumer packaged goods, building products, and general industrial markets. 

“Joining forces with Glenn and his team brings together two great companies with rich traditions and strong cultures focused on taking care of our people and customers. Our companies have similar approaches to the business with minimal overlap, enabling us to accelerate our national organic growth strategy during a very dynamic time in our industry,” said Don Heitmeier, Belt Power CEO.

Accurate owners Glenn Siemer and John Hipp will have remain with Belt Power.

“From the founding of Accurate Industrial in 1995, I learned that success is often grounded in bold moves. One such move occurred in 2007 when John Hipp acquired ownership in Accurate to become my partner. The advantages realized from this strategic union were obvious and proved beneficial to both our employees and customers alike. We view a merger with Belt Power in the same light. During an unparalleled time of consolidation in the lightweight belting segment, we’re thrilled to be joining forces with the preeminent distributor/fabricator in North America,” said Glenn Siemer, president of Accurate.

“Accurate and Belt Power share very similar customer-focused cultures, and we are delighted to support Belt Power’s partnership with Glenn, John and the Accurate team. The combination continues Belt Power’s organic and acquisition-related growth initiatives, and positions Belt Power to best support local and national customers,” said Rob Hogan, managing director at Shorehill Capital.

A portfolio company of Shorehill Capital and headquartered in Marietta, Georgia, Belt Power is a full-service distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories and rubber, hose and gasket products.