Our aim is to build earnings - to build cash flow - to build value. Liberty Partners and our management teams attain these goals time and time again - an achievement that is rewarding to all concerned.
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Component Hardware Group Acquires CHG-EuropeLAKEWOOD, NJ – July 3, 2008 – Component Hardware Group (CHG), a leading manufacturer of premium plumbing and hardware products for commercial, foodservice, institutional and healthcare applications, is pleased to announce the purchase of CHG-Europe in Almere, Netherlands. Previously a joint venture between CHG and one of its international distributors, CHG-Europe is now wholly owned and controlled by Component Hardware Group, Inc. “We felt that completing the acquisition of CHG-Europe was timely,” stated Tom Carr, president of CHG. “This purchase will allow us to streamline efficiencies within our organization and better position our company for growth opportunities on the European continent, as well as other international markets.” The acquisition of CHG-Europe gives CHG a prime sales and distribution point that is strategically located in Europe. With a 40,000 square foot warehouse and experienced and courteous sales team, CHG-Europe can provide exceptional service and timely delivery of product anywhere on the continent. CHG recently engaged the services of Jaap van Ginneken as Managing Director to oversee the new CHG-Europe operation, while Ted Wayenburg will continue in his current role as CHG Europe’s inside sales liaison. “We want to assure our customers that they can continue to rely on us for the high level of service and quality that they have come to know and trust over the years,” stated Carr. “We have put together a strong management team to oversee our new European operations and look forward to growing our presence in that market.”  |
