Hisco Buys B&L Technologies’ Distribution Division
Hisco Buys B&L Technologies’ Distribution Division
Jason Sandefur
Hisco Inc. acquired the distribution division of B&L Technologies, a Victor, NY-based capital equipment and materials supplier to the electronics assembly industry.
The acquisition, which strengthens Hisco’s customer service, support, and local inventory to customers in the upstate New York region, will provide Hisco with additional resources, as well as a 6,000 sq ft facility.
Hisco president Bob Dill commented on the synergy between the two companies. “B&L Technologies provides their customers with engineered solutions supported by outstanding customer service. The parallels between our customer base, core product offering, and value proposition made this a natural fit.”
B&L will continue to offer its existing line of capital equipment.
The Victor location will operate as a satellite division of Hisco’s New Jersey Branch office managed by Greg Smith.
Houston-based Hisco is an employee-owned specialty distribution company serving the electronic assembly and other industrial markets, with 27 stocking locations (20 in the U.S. and seven in Mexico) and four Precision Converting facilities. Web: hiscoinc.com �2008 FastenerNews.com
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