Pittsburgh-based ERIKS North America, a distributor of fluid and material conveyance solutions for industrial customers, recently purchased DeeTag, a hydraulic and industrial hose assemblies distributor and fabricator.
“The combination of our companies provides the opportunity to accelerate the growth they have already accomplished,” Jeff Crane, ERIKS North America CEO, said. “Their locations provide geographic expansion of our footprint and key capabilities as it relates to serving hydraulic OEM customers. The existing ENA footprint can serve as a way for us to support their growth as we seek to extend in markets that DeeTag could not serve on their own.”
DeeTag has a facility in North Carolina and two in Ontario. It serves original equipment manufacturers in a variety of markets. The company has more than doubled its business in the last few years.
“We began reviewing our strategic alternatives several months ago with a goal of finding the right long-term partner for the next stage of DeeTag’s growth,” Dean Gordon, of DeeTag president, said. “It became clear to us that the ERIKS team was the right organization with the right resources, culture, and strategy to partner with us. We are excited to be a part of the ERIKS North America organization, and we look forward to working with Jeff and his team as we continue to build this great company.”