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Acquisition Ind Rubber Supply of Savannah Inc

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ERIKS, one of the world's major international industrial service providers, is continuing to grow its operation in North America. Following the recent acquisition of the Carolina Control Depot, ERIKS has now purchased the assets of the Industrial Rubber & Supply of Savannah Inc.

The company is based in Georgia and is a distributor of fabricated industrial rubber products and related services, specialising in the power generation and paper sectors. The acquisition was carried out by ERIKS through its wholly owned operating company Lewis-Goetz and Company Inc. and will play an important role, both in supporting Lewis-Goetz's efforts to increase its expansion-joint business and in enhancing its relationship with customers in the power generation and pulp and paper industries.

About Lewis-Goetz

Lewis-Goetz, headquartered in Pittsburgh, Pennsylvania, is one of the largest industrial distributors in North America. Specialising in fabricated hose, conveyor belts and a wide range of gaskets, the company serves customers across industry from 86 locations throughout the USA and Canada. Lewis-Goetz has 1,200 employees and annual sales of approximately 400 M USD.

The company provides ERIKS with a platform for growth in fabricated hose, gaskets and conveyer belts in North America and will significantly strengthen ERIKS' market position in the United States.

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Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services.

ERIKS' current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology, sealing technology, bearing and power transmission, including electromechanical services and condition monitoring, industrial plastics, and tools and maintenance products.

ERIKS currently consists of more than 65 companies with branches in 26 countries, serving over 200,000 customers. In 2011, ERIKS generated net sales of € 1.3 billion (USD 1.9 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a private-held family company with net sales in 2010 of € 16.0 billion (USD 23.1 billion).

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