PITTSBURGH—Eriks North America made good on its promise to again be a player in the mergers and acquisitions mix among distributors of rubber goods in North America.
After not making a purchase since 2015, the Pittsburgh-based distributor group closed on its second deal of the year, buying the assets of Branham Corp., a fabricator and distributor of industrial hoses, gaskets, conveyor belts and related services. In early January, Eriks acquired DeeTag Ltd., a distributor and fabricator of hydraulic and industrial hose assemblies, with two sites in Southern Ontario and one in North Carolina.
Branham was founded in 1973 in Louisville, Ky., as Branham-Mingis by the late William Branham and Stephen Mingis. It now employs more than 100 at five fabrication/distribution plants and eight sales locations covering the Midwest and Gulf Coast regions of the U.S.
The business serves a wide variety of industries, including aggregate; automotive; chemical transportation; construction; food; mining; paper, pulp and packaging; petrochemical and chemical processing; pharmaceutical; power generation; refining; and steel processing, according to its website.