ERJ staff report (RPN)
Vandalia, Ohio - Triad Technologies llc has purchased Pennington Rubber Co. and its affiliate OEM Hose and Services Inc. to expand its product offering in key markets. Terms of the deal were not disclosed.
Pennington is headquartered in Cincinnati and has served regional customers for more than 40 years. It is a full-line hose and accessory distributor that supplies to both original equipment manufacturers and end users. The distributor operates as a certified cut-and-couple hose assembler for Goodyear Engineered Products.
â€œPennington is a very appealing add-on with a great customer base,â€ said Doug Wissman, Triad president and CEO. â€œWe can now offer an expanded line of industrial hose products, backed by best-in-class service across our entire territory.â€
Vandalia-based Triad is a distributor of hydraulic, pneumatic, electromechanical, filtration and lubrication technologies.
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Article from Rubber & Plastics News