Pittsburgh, PA – November 1, 2011 – ERIKS NV, a Netherlands-based industrial service provider of a variety of industrial products, including fabricated hose, cut gaskets and sealing products is pleased to announce the acquisition of Lewis-Goetz, a leading Pittsburgh-based distributor.
“The acquisition of Lewis-Goetz brings ERIKS the perfect growth platform in North-America in fabricated hose, gaskets and conveyer belts that we have been looking for. Together with our existing US-based companies, we will now realize some $700 million USD annual sales with over 1500 employees; North-America is now the single most important market for ERIKS, said Johan Sleebus, chairman of ERIKS Executive Board.
For the last four years Lewis-Goetz has been owned by private equity firm, Audax Group of Boston, MA.
Jeff Crane, CEO of Lewis-Goetz thanked Audax for their support of the last four years and looks forward to the future. “Audax provided us with critical resources to help with the next stage of our growth. We fulfilled our promise to them by putting those resources to work in building a leading distribution business in our space. Now, as we become an important part of a leading global service provider we know that our future is much brighter for the time we spent with Audax. We could not be more excited about the prospects for the future and we look forward to the important things we will accomplish with Eriks.???
About ERIKS
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 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion (USD 1.6 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). For more information visit http://eriks.com.
About Lewis-Goetz
Lewis-Goetz is one of the largest industrial distributors in North America, recently ranking 23rd in Modern Distribution Management’s list of Market Leaders. Specializing in fabricated hose, conveyor belts and sealing products, the company serves customers in a wide range of industries from 86 locations throughout North America. For more information visit http://lewis-goetz.com.
For information, contact:
Katie Oswald Clark
724-213-1211
Email
June 1, 2011
Pittsburgh, PA: Lewis-Goetz and Company, Inc. (“Lewis-Goetz” or the “Company”) announced it has acquired Valley Rubber & Gasket Company, Inc. (“Valley”) and all related subsidiaries. Valley, a Sacramento-based fabricating distributor of conveyor belting, hose and sealing products has operations throughout central and northern California as well as locations in Seattle, Washington; Elko, Nevada; and Salt Lake City, Utah.
Valley provides mission-critical products to the construction, agriculture, mining and food processing markets in addition to numerous other diverse end markets of the Western US.
In commenting on the acquisition, Jeff Crane, President and CEO of Lewis-Goetz said, “The Valley locations provide an important piece of the geographic puzzle that we have been working hard to find. While it’s nice to be able to say we finally have a significant West Coast presence, it is much more rewarding to know that we are getting more than just dots on a map; we are getting the very best West Coast platform from which we can continue our organic and acquisition growth strategy.
Les Shively and the entire Valley team should be very proud of the company they have built. They have done it through organic growth, greenfield expansion and acquisitions and they have continued this growth trajectory even as one of their largest end markets, the California construction market, remains terribly depressed.
We have discussed the idea of putting these two great companies together with Les and his team for some time. We are excited to be able to work with them and provide the investment necessary for the next stage of their growth strategy. We are equally excited to be able to tell our many national accounts of our ability to support their West Coast operations from local inventory and with local expertise.”
In commenting on the acquisition, Les Shively, President and CEO of Valley, highlighted his company’s great history as well as the great opportunity this represents.
“Valley Rubber and Gasket was opened over 30 years ago when Walter Bates with the RAGCO organization saw a need to open a location in California to expand their presence in the West. That’s when Valley Rubber & Gasket in Sacramento was opened, by Bill McCluskey. To date, Valley Rubber & Gasket Company, with the exceptional contributions of Larry Chavez, its CFO, 9 seasoned branch managers and the finest employees in the industry, has grown to be the leading distributor of industrial rubber products on the West Coast.
Our focus has always been on taking care of customers and our employees. This has been the key to our success and we are very proud of our organization and especially proud of our employees. Our employees are what make Valley Rubber & Gasket great. As the industry changes, we understand the need to change along with it. Lewis-Goetz is a dynamic and well managed company and we knew Valley Rubber & Gasket would be a good fit with their organization. We, at Valley Rubber & Gasket Company knew that joining Lewis-Goetz would allow us to continue our growth as a platform company and would give our employees new opportunities for growth in the future.” Shively will continue with the company as the Region Manager of the newly formed West Region.
Lewis-Goetz is headquartered in Pittsburgh, Pennsylvania and is one of North America’s largest industrial distributors. Lewis-Goetz recently ranked 32nd on Industrial Distribution’s 2009 list of The Big 50 Distributors. You can visit www.lewis-goetz.com for more detailed information.
January 1, 2011
Pittsburgh, PA: Lewis-Goetz and Company, Inc. (“Lewis-Goetz” or the “Company”) announced it has acquired substantially all of the assets of EVCO House of Hose (EVCO), a Salt Lake City, Utah based distributor of hose, fittings and related products. EVCO specializes in the fabrication and supply of industrial and hydraulic hose products for a variety of industrial applications throughout the Rocky Mountain region. The acquisition was effective January 1, 2011.
In commenting on the acquisition, Jeff Crane, President and CEO of Lewis-Goetz said, “The EVCO locations provide an obvious geographic fit for our expansion plans. With locations covering much of the Mountain West the acquisition fills a geographic hole in our footprint but also provides great synergy from an end-market standpoint. With an emphasis on oil and gas as well as construction EVCO provides very similar products and services to end markets and common customers that we know very well.”
“I have had the pleasure of getting to know Dave Adkins, EVCO’s General Manager over the last several years and we were thrilled to have the opportunity to learn more about their business. The company that he and owner Dean Jolley have built is very impressive. Given their expansion plans and our resources the fit between the two companies was obvious from the start. We could not be more excited to help them achieve their very aggressive growth plans, to learn more about their competitive strengths and to share our best practices with them.”
“Under Dean Jolley’s ownership the company has grown four-fold,” says Adkins. “With Lewis-Goetz, we are confident that EVCO will continue to grow in our selling region. Lewis-Goetz shares our values and objectives and offers the chance for EVCO to expand its product mix and add continued value to our customers.”
Dave Adkins will continue to manage the EVCO locations and report to Jeff Crane as the Region Manager for Lewis-Goetz’s new Mountain Region.
Lewis-Goetz is headquartered in Pittsburgh, Pennsylvania and is one of North America’s largest industrial distributors. Lewis-Goetz recently ranked 32nd on Industrial Distribution’s 2009 list of The Big 50 Distributors. You can visit www.lewis-goetz.com for more detailed information.
© 2025 LGG Industrial. All Rights Reserved.