“This combination will increase the offering of products to our valued customers around the globe and will also allow us to offer them full package solutions to their growing needs,” said Bruce Barron, CEO of Ramsey Industries.
“The acquisition of Eskridge is a highly complimentary strategic fit for Ramsey, and is consistent with the Ramsey platform acquisition strategy,” said Gridiron Capital Managing Director, Tim Clark. The private equity firm owns a controlling stake in Ramsey, and provided equity capital for the purchase.
“The two companies have very little overlap from a product line standpoint, and significant opportunities exist to leverage the distribution strengths of both companies by joining forces,” added Gridiron Principal, Geoff Spillane.
Gridiron bought Ramsey in April 2007 from an unnamed private vendor.
