March 22, 2013 – Apache Hose and Belting Co., Inc. Completes Acquisition of Seals Unlimited, Inc.
Cedar Rapids, Iowa - September 1, 2011 – Apache Hose & Belting, Inc.continued its expansion with the purchase of a Hillsboro, Oregon-based company.
The Cedar Rapids-based manufacturer and distributor of fabricated belting products, conveyor belting, and industrial & retail hose products acquired Seals Unlimited, Inc. on September 1, 2011. Seals Unlimited, Inc. is a manufacturer of rubber extrusion, rubber moldings, gaskets, and hydraulic gate seals for both government and private industries.
Tom Pientok, Apache President and CEO said of the acquisition, ''We have a very deliberate and focused growth plan. Strategic acquisitions are a critical component of the plan. The acquisition of Seals Unlimited expands our product offering, gives us vertical integration into molded products, and provides our company with a location to better serve our distribution network in the west and northwest.''
Pientok said Seals Unlimited, Inc. will continue to operate from its existing facility in Hillsboro and operate under the Seals Unlimited brand name. Founder Thad Fair, who started the company in 1987, will remain under contract with the company.
The purchase is Apache?s fourth strategic acquisition in less than 4 years. In addition to the Seals Unlimited purchase, Apache acquired Hose Central, a Pennsylvania-based competitor, in November 2007, Ex-Cel Belting, St. Louis, Missouri in December 2008, and AG Belt, Inc., Des Moines, Iowa in April 2010.
Apache Hose and Belting, headquartered in Cedar Rapids, is an employee-owned company founded in 1963, a market leader in fabrication and wholesale distribution of hose products, conveyor belting, fabricated belting products, and retail industrial products, and will now employ more 240 worldwide. Apache and its subsidiaries serve customers throughout the United States, South America, Europe, and China.
Click to Enlarge
Posted 3/22/13 at 12:08pm by Apache Inc.