Swagelok Company Signs Agreement To Purchase Hy-Level Industries
SOLON, Ohio (April 30, 2007) -- Swagelok Company today announced that it has signed an agreement to purchase the assets of Hy-Level Industries, a Strongsville, Ohio-based privately held manufacturer of automotive, electronic, and fluid power components. Hy-Level Industries employs about 250 skilled associates. Terms of the agreement were not disclosed.
“Due to our sustained growth over the past several years, Hy-Level’s associates and manufacturing capacity will be an excellent complement to our organization,” says Arthur F. Anton, Swagelok Company president and chief executive officer. “In addition, the similarity in values and culture of the two organizations is striking. Combining our resources and capabilities will increase our capacity and enhance our ability to provide fluid systems solutions for customers around the world.”
Headquartered in Solon, Ohio, U.S.A., Swagelok Company is a major developer and provider of fluid system solutions, including products, assemblies, and services for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, alternative fuels, and semiconductor industries. Its manufacturing, research, technical support, and distribution facilities support a global network of more than 200 authorized sales and service centers in 57 countries. For more information about Swagelok, visit the company’s Web site at www.swagelok.com.
Contact
Pat Carlson
Swagelok Company
440/649-4552
pat.carlson@swagelok.com
|