SBP Holdings announced Feb. 1 that it has completed the sale of Houston-based Bishop Lifting Products, Inc (BLP) – a group of value-added distributors of lifting products and specialty rental equipment. The transaction encompasses the entire BLP business. Following the transaction, SBP Holdings will be comprised of two divisions with significant organic and acquisition growth opportunities: Industrial Hose & Rubber and Fluid Power & Automation.
Following the transaction, Osborne will remain CEO of SBP Holdings and the leadership team will remain unchanged.
Courtesy of SBP Holdings.