Lakewood, NJ – December 30, 2015
Component Hardware Group, Inc. Lakewood, NJ, announced the acquisition of Specialty Food Service Hardware, Inc. of Markham Ontario and its related sister company, Vision Parts & Accessories Inc.. The two companies are leading suppliers of components and parts to the commercial foodservice and wholesale plumbing markets throughout Canada. Under the terms of the acquisition, the companies will continue to service all current customers with the quality parts and components they have come to expect while providing expanded coverage for Component Hardware Group’s full array of products to the Canadian market. In conjunction with the acquisition, Harold Clarke, President of Specialty and Vision, announced his retirement stating “the sale of Specialty Food Service Hardware and Vision Parts to Component Hardware Group has provided a truly win-win situation for the customers we have dedicated ourselves to serving over the years as well as all our employees.” Harry Franze, President & CEO of Component Hardware Group, commented that “it was apparent from the start of our discussions that the business Harold and his team built would provide a great growth platform for Component Hardware Group in one of our key markets. After 25 successful years, we look forward to Harold helping us transition the business over the next few months.”
Specialty and Vision will continue to be headquartered at their current facility in Markham, Ontario. In the near-term, the company’s main priorities will be to seamlessly transition the business while reconfiguring its warehousing operations to provide a wider array of products and services to the market.
“The acquisition of Specialty Food Service Hardware and Vision Parts & Accessories further strengthens our leadership position in the foodservice hardware and commercial plumbing markets”, said Ed Whartnaby, Executive VP – Sales & Marketing, of Component Hardware Group. “We will be able to provide our Canadian customers with a broader array of products with the same high quality and local customer service support that they have come to expect.”
About Component Hardware Group®, Inc.
Component Hardware Group is a leading designer, manufacturer and distributor of premium plumbing and hardware products. The company creates innovative solutions that serve the foodservice, institutional, healthcare and commercial markets in the following brand divisions: Flame Gard® Filters & UL-Fire Rated Access Doors, Keil® Refrigeration Hardware, Encore® Premium Plumbing, SANIGUARD® product protection, Regal Ride™ casters and TOP-LINE™ economy plumbing. Component Hardware has provided excellence in the plumbing and hardware industry for more than 35 years and, today, remains steadfastly committed to quality, service and innovation.