Lewis-Goetz announced the acquisition of the Action Industrial Group, a South Carolina-based fabricator and distributor specialising in fasteners, gaskets, hose products and industrial construction tools and supplies. The acquisition will add seven Southeast locations to the Lewis-Goetz footprint, as well as considerable gasket fabrication technologies. Action Industrial Group has 78 employees and had USD 21.5M in net sales last year. The financial terms of the deal have not been disclosed.
“Lewis-Goetz is a company built by acquisitions. Throughout our 80-year history, we have grown by partnering with companies that offer industry-leading technologies and game-changing service”, said Don Evans, president and CEO. “Action Industrial Group brings all of that and more. This acquisition will build on our strength in the Southeast and expand our footprint into places like Memphis and Greenville. We also look forward to expanding our industry focus into facility maintenance.”
As part of Lewis-Goetz, the team at Action Industrial Group will have the opportunity to expand its reach with more access to resources and greater opportunities to cross-sell products. Lewis-Goetz fabricates and distributes industrial hose, hydraulic hose, sealing and conveyor belt products from nearly 100 locations in the United States and Canada.