Hisco Announces Acquisition of B&L Technologies
HOUSTON, TX, June 20, 2008 - Hisco is pleased to announce the acquisition of the distribution division of B&L Technologies, a Victor, NY based capital equipment and materials supplier to the electronics assembly industry. This expansion is part of Hisco's continued strategy to strengthen its customer service, support, and local inventory to customers in the upstate New York region.
The acquisition will provide Hisco with additional resources, as well as a 6,000-square-foot-facility, approximately 18 miles south of Rochester, to help support customers' needs. With Alpha Metals as the cornerstone materials supplier, customers will now enjoy the expanded breadth of products offered by Hisco.
According to Hisco President Bob Dill, there is a great deal of 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," Dill said.
Bob Bernatovich, President of B & L has stated, "B & L Technologies, Inc. will continue to offer its existing line of capital equipment, which includes the leading manufacturers in the electronics industry." B & L has been a prominent supplier in the upstate New York area for over 20 years and will continue to provide customer assistance and process guidance to their capital equipment customers.
The Victor location will operate as a satellite division of Hisco's New Jersey Branch office managed by Mr. Greg Smith.
About Hisco
Hisco is an employee-owned specialty distribution company serving the electronic assembly and other industrial markets whose mission is to deliver value to customers through quality products, process solutions and local inventory. In addition, Hisco offers specialized warehousing for chemical management, cold storage and logistic services. Today, the international Hisco branch network includes 27 stocking locations - 20 in the United States and seven operated by the HiscoMex subsidiary in Mexico - plus four Precision Converting facilities that provide value-added fabrication and custom repackaging. More information is available at www.hiscoinc.com.
About B&L Technologies
B&L Technologies is a Capital Equipment and Consumable Process Materials supplier to the electronic assembly market based in Victor, NY. B&L's ability to select the correct equipment and process allows them to become a valuable asset to customers, not just an equipment supplier, but a process consultant and an extension of the customers' process engineering department. B&L maintains a separate process representative group to assist in material selection and specification.
