Lewis-Goetz Announces Acquisition of Industrial Rubber & Supply
Pittsburgh, PA - Lewis-Goetz and Company, Inc. announced it has acquired certain assets of Industrial Rubber and Supply of Savannah (IR&S), a Savannah, GA-based distributor of fabricated industrial rubber products and related services. The acquisition was closed February 29, 2012.
Commenting on the acquisition, 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 LG 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."
Jeff Crane, President and CEO of Lewis-Goetz, reiterated the strategic growth plans of the company and how IR&S is an important part of that plan. “The southeastern US is an area where we have focused acquisition related resources for years. 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.”
Lewis-Goetz is headquartered in Pittsburgh, Pennsylvania and is part of the ERIKS Group of companies, one of the world’s largest industrial distributors. With annual sales in excess of $700 million, the North American entities of the ERIKS Group would rank among the top 20 industrial distributors according to Modern Distribution Management’s 2011 list of Market Leaders.