Van-Air Div of RG Group Acquires Eastern Hydraulic Solutions
York, PA - Randall A. Gross, CEO of RG Group, announced today the acquisition of Eastern Hydraulic Solutions in Maple Shade New Jersey on July 23, 2012.
Eastern Hydraulic Solutions
Eastern Hydraulic Solutions, a division of Eastern Lift Truck Co. Inc is an established full service pneumatic and hydraulic distributor. EHS focuses on providing fluid handling expertise in the New Jersey and Eastern PA markets. The Eastern Hydraulic Solution team provides customers a variety of custom services including; kitting, component integration and design. Eastern Hydraulic Solutions will be housed and operated from the Maple Shade New Jersey, Van –Air location as a division of RG Group.
“Our industry continues to consolidate affording us great opportunities to aggressively grow our business. This opportunity is a great fit as a bolt on to our Van-Air Division. We will continue to look for strategic candidates to improve our market position,” says Randy Gross, CEO.
Rich Freeh, President and COO of RG Group, commented, “This fits our strategy, our acquisition model calls for adding synergistic customer-focused businesses with a strong local presence in key geographical areas. This acquisition strengthens our market presence in the Philadelphia, and South Jersey market. It also eliminates a potential competitor in the area. We believe this transaction will add value for our customers, vendor partners and ultimately, for our associates.”
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.
For more information on RG Group, please visit: www.rg-group.com