Singer Equities Acquires St. Louis-Based Foster Hose And Fittings

SBP Holdings β€” No. 31 on ID's Big 50 List β€” remains busy on the acquisition trail as its subsidiary Singer Equities has acquired St. Louis-based Foster Hose and Fittings, a distributor and fabricator of industrial hosing products and accessories.

HOUSTON β€” Singer Equities, Inc. has acquired Foster Hose and Fittings, headquartered in St. Louis, MO. The business was founded in 1928 and has been owned by Todd Sacco, Dale Schwartz and Rick Freeman since 2007. Todd Sacco, who has been active in the business, will remain as Sales and Marketing Manager and the business will continue operating under the Foster Hose and Fittings name.

Foster Hose and Fittings is a distributor and fabricator of industrial hose, metal hose, silicone hose, hydraulic hose, fittings and expansion joints. Foster serves a diverse customer base in the food and beverage, pharmaceutical, chemical and industrial manufacturing markets, primarily in the Midwest region.

"Todd Sacco and his team have built a profitable business through servicing a high-end customer base with exceptional customer service and quality products and services," stated Sam Petillo, President of Singer Equities. "We are very proud to welcome Foster to our team. This acquisition strengthens our core competence in industrial hose and expands our share in the food and beverage and chemical markets." 

"Singer provides the best cultural fit for Foster’s employees, customers and growth strategies," Sacco said on behalf of Foster Hose and Fittings. "We will continue to market our products and services under the Foster Hose and Fittings name and will strengthen our hose business through collaboration with the other Singer companies."

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of Houston-based SBP Holdings β€” which was No. 31 on Industrial Distribution's 2017 Big 50 List. Through its 60 locations, SBP provides industrial rubber, wire rope, rigging products and services to a broad range of industrial markets throughout North America.

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