Ritter Acquires Another Indiana Distributor
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPennsylvania-based Ritter Technology LLC has acquired Tri-State Hose & Fitting Inc., based in Munster. Financial details of the deal were not disclosed, however a spokesperson for Ritter tells Inside INdiana Business the company plans to retain all Tri-State personnel.
Ritter says the acquisition of the 35-year-old company strengthens its commitment to providing fluid power hose and connector products with a special focus on northwest Indiana.
"Given Ritter’s focus on providing products and services to our industrial customers in the Great Lakes Basin, Tri-State fills in our recently established Indiana footprint for hose and connector fittings," said Ritter Chief Executive Officer Tim Hall. "We see a great deal of synergy between our businesses and I look forward to working with (Tri-State Owner) Jim (Smith) in the coming years."
The acquisition is the latest in Indiana for Ritter, which announced in February it had purchased Hammond-based Primet Fluid Power Co. Ritter says it is making technology and training investments to grow both Indiana companies and expects to add more employees upon hitting growth targets.