PRC Industrial Supply has recently announced a deal with ACE Conveyor Services to acquire all of its assets and hire its entire staff effective immediately. PRC Industrial Supply is a wholly owned subsidiary of Singer Equities and SBP Holdings, headquartered in Houston, Texas, and provides industrial rubber, wire rope and rigging products and services to industrial end markets throughout North America.
The move comes after negotiations between the two companies over the past few months. Vice President and GM of PRC, Kevin Easler, says it was mutual respect that made this deal possible. “As customers across New England are increasingly coming to PRC for their conveyor belt requirements, we realized we needed more help,” he said. “Tom [Hudson, President and founder of ACE Conveyor Services] and I both realized by joining forces we could achieve our shared mission for continued long term growth as well as provide long term growth opportunities for our co-workers. ”
As part of the deal, Hudson, who has over 35 years in the industrial rubber business, will help facilitate PRC’s long term growth strategy as well as become a sales and service representative for PRC.
Image courtesy of SPB Holdings.