PITTSBURGH (March 9, 2009)—Lewis-Goetz and Co. Inc. said it has acquired “substantially all of the assets of Transport Parts Inc.,” a Minneapolis-based distributor of industrial hose and accessories that serves the transportation and industrial markets in Minnesota. Terms of the deal weren't disclosed.
The acquisition continues Lewis-Goetz's long-term goal of consolidating North America's fragmented industrial rubber distribution channel to provide consistent products and services to customers, according to Jeff Crane, Lewis-Goetz president and CEO. He added that the purchase extends his firm's footprint into the northern Midwest markets of Wisconsin, Minnesota, Iowa and the Dakotas.
It also brings industry veterans Jeff and Mike Buttleman into the Lewis-Goetz organization, and Crane said they will “play a critical role in executing our growth strategies for these markets.”