Bridgestone HosePower, a wholly owned indirect subsidiary of Bridgestone Corp., today announced it is expanding its hose solutions business in the Northeast by acquiring Industrial Rubber Co., a hydraulic and industrial hose sales and service company based in Elizabeth, N.J. This is the second acquisition by the company in the past year.
According to the agreement, Industrial Rubber’s 17 current employees will be offered positions within HosePower, including Dennis Szafran, current general manager of the business.
“We are proud to add this business to our portfolio,” said J. Palmer Clarkson, president and CEO, HosePower. “Industrial Rubber has an extensive customer base in northern New Jersey. This acquisition broadens our presence in the Northeast, further enhancing Bridgestone Hosepower’s leadership in the market, increasing our product offerings and expanding our portfolio of value-added services.”
The Industrial Rubber acquisition brings Bridgestone HosePower to 44 U.S. locations and one location in Mexico.
Industrial Rubber was established in 1950 as a distributor of hydraulic-industrial hoses, fittings, gaskets, accessories and safety supplies. The company serves a broad range of customers, including OEMs, re-distribution and over-the-counter service customers. The company has a strong presence in the marine and chemical processing business. The business has continued to expand over the years, opening a second location in Bridgewater, N.J., in 1999. The Bridgewater location also is included in the purchase.