ERIKS NV, a Netherlands-based industrial service provider of a variety of industrial products, including fabricated hose, cut gaskets and sealing products is pleased to announce the acquisition of Lewis-Goetz, a leading Pittsburgh-based distributor.
“The acquisition of Lewis-Goetz brings ERIKS the perfect growth platform in North-America in fabricated hose, gaskets and conveyer belts that we have been looking for. Together with our existing US-based companies, we will now realize some $700 million USD annual sales with over 1500 employees; North-America is now the single most important market for ERIKS”, said Johan Sleebus, chairman of ERIKS Executive Board.
For the last four years Lewis-Goetz has been owned by private equity firm, Audax Group of Boston, MA.
Jeff Crane, CEO of Lewis-Goetz thanked Audax for their support of the last four years and looks forward to the future. “Audax provided us with critical resources to help with the next stage of our growth. We fulfilled our promise to them by putting those resources to work in building a leading distribution business in our space. Now, as we become an important part of a leading global service provider we know that our future is much brighter for the time we spent with Audax. We could not be more excited about the prospects for the future and we look forward to the important things we will accomplish with Eriks.”