Duff & Phelps Advised ERIKS on its Acquisition of Lewis-Goetz
Lewis-Goetz was acquired by ERIKS on November 1, 2011 and October 28, 2011, respectively. Duff & Phelps served as exclusive financial advisor and provided due diligence services to ERIKS in connection with this transaction.
ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology; sealing technology; bearing and power transmission, including electromechanical services and condition monitoring; industrial plastics; and tools and maintenance products. ERIKS currently consists of more than 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion (USD 1.6 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a privately held family company with net sales in 2010 of €16.0 billion (USD 23.1 billion).
Lewis-Goetz is one of the largest industrial distributors in North America. Specializing in fabricated hose, conveyor belts and sealing products, the company serves customers in a wide range of industries from 86 locations throughout North America.