ERJ Staff Report (LMH)
Glen Burnie, Maryland - Singer Equities Inc. has acquired the operating assets of industrial rubber hose distributor Summers Rubber Co. of Cleveland, Ohio for an undisclosed sum.
Summers Rubber is based in Cleveland and operates eight locations in Ohio and Pennsylvania, specialising in fabricating hydraulic, industrial and metal hose assemblies, inspection, testing, and certification services.
Singer said the firm-its eight platform company-will continue to market the Summers Rubber brand. Frank Tiernay, a veteran of the distribution industry, will continue as vice president and general manager of the company, reporting to Singer President Don Fritzinger.
Founded in 1949 by W.H. Summers, Summers Rubber employs about 60 and was owned by President Michael Summers.
"Mike has gathered an exceptionally talented group of individuals and we are extremely excited about the opportunity to carry on their legacy," said Fritzinger. "This acquisition complements our strategy and establishes a solid Singer footprint in the Ohio market."
Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holding L.P. and provides wire rope and rigging products and industrial rubber products to a variety of industrial end markets.
This story first appeared on our sister publication Rubber & Plastics News