PRC Industrial acquires ACE Conveyor Services
PRC Industrial Supply, headquartered in Portland Maine, announced its acquisition of ACE Conveyor Services of Belgrade, Maine.
Tom Hudson, president and founder of ACE Conveyor Services, will help facilitate PRC’s long-term growth strategy as well as become a sales and service rep for PRC.
Vice president and GM of PRC, Kevin Easler, said it was mutual respect that made the deal possible.
“As customers across New England are increasingly coming to PRC for their conveyor belt requirements, we realized we needed more help,” he said. “Tom and his crew are hard working and well respected throughout New England. Tom and I both realized by joining forces we could achieve our shared mission for continued long term growth as well as provide long term growth opportunities for our co-workers.”
Hudson, who has over 35 years in the industrial rubber business, was equally pleased with the outcome of the negotiations. “I built my company over the past 20 years from the ground up, and trained many vulcanizing technicians over the years,” he said. “We’ve stayed small, and that has made us nimble and very efficient at what we do, but it has come at the cost of growing to a sustainable level.”
PRC Industrial Supply, established in 1895 and formerly known as Portland Rubber Company, is a sales and service company specializing in conveyor belt, industrial hose and fluid power components. With three locations and 28 employees, the company offers a full range of services including on-site conveyor belt installations, industrial hose, and in-house repairs of hydraulic pumps, motors, valves and cylinders.
PRC Industrial Supply is a wholly owned subsidiary of Singer Equities and SBP Holdings, headquartered in Houston.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
