Lewis-Goetz Acquires Action Industrial Group
Lewis-Goetz is pleased to announce it has acquired Action Industrial Group, a South Carolina-based fabricator and distributor specializing 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 had $21.5 million in net sales last year. The financial terms of the deal have not been disclosed.
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.
As one of North America's largest industrial distributors, Lewis-Goetz is the largest company owned by ERIKS North America, which was recently ranked 20th on MDM’s 2014 list of Top 40 Industrial Distributors. ERIKS currently consists of more than 60 companies with 450 branches in 27 countries, serving over 200,000 customers in the MRO, OEM, and project distribution business.