York, PA. -- Randall A. Gross, CEO of RG Group, headquartered in York, PA, announced today the acquisition of Allegheny Fluid Power located in Sewickley, Pennsylvania on August 10, 2012.
Allegheny Fluid Power is an established full service pneumatic and automation distributor that provides Western Pennsylvania and West Virginia customers with technical knowledge and product expertise as well as a commitment to excellent customer service. Allegheny Fluid Power provides technical distribution services for GAST Manufacturing and will continue to operate from their Sewickley location as a division of RG Group.
“We believe this acquisition is a strategic fit, because it consolidates our Vendor relation with GAST . We remain committed to our long term acquisition strategy. The distribution industry continues to consolidate affording us great opportunities to aggressively grow our business” says Randy Gross, CEO.
Rich Freeh, President and COO of RG Group, commented, “We are excited and proud to add the Allegheny Fluid Power team to the RG Group. GAST is a premier global pneumatic product line and a strategic vendor for us. This acquisition gives us technical distribution rights to the GAST product line through the entire state of Pennsylvania and into West Virginia. We believe this adds value for our customers, vendor partners and ultimately, for our associates.”
Greg Lytle, President of Allegheny Fluid Power said, “We believe RG Group was the right choice for us. The focus on the GAST product line was a strength for both companies. RG provides excellent customer service with a commitment to maintain the value of the existing Allegheny Fluid Power customer relationships. Our current customer base will now have access to a larger inventory and improved value added capabilities. Terms of the purchase were not disclosed.
About RG Group
RG Group, a group of distribution and manufacturing companies has been providing leadership in the design and delivery of innovative motion control and fluid handling products and solutions for over 50 years. RG Group operates under a very simple core concept: “We Keep Business in Motion”. The company goal is to provide its customers with a sustainable competitive advantage through the creative application of technology. RG Group is also a Parker tri-technology distributor representing Parker’s industrial product offering. RG Group currently operates eight ParkerStore™ locations that supply OEM and MRO customers with direct access to the Parker products along with complementary product offerings and factory-trained personnel.