Checkers Acquires HBM Canada Manufacturing
April 5th, 2012
Broomfield, Colorado - Checkers Industrial Products, LLC today announced the acquisition of HBM Canada Manufacturing Inc., a global market leader in the design, manufacture and distribution of safety products for the mining, oil & gas, and other industrial markets. "The HBM acquisition expands our breadth of niche safety products and further strengthens our position to compete globally in a variety of industrial markets" said President David Kasnic. The combined product offering and additional capabilities in engineering and design provide increased value for its combined customer base and enhances Checkers capabilities to accelerate product innovation and response time to its customers.
Jim Matei President and majority owner of HBM Canada Manufacturing Inc., stated, "I am excited to join the Checkers family, a recognized industry leader in safety products to the mining sector, as well as other industrial markets. Combining HBM with Checkers will allow us to pick the best design features of our independent products to offer our customers the absolute best product". HBM Canada is a leading producer of warning whips to the mining industry, as well as lighted signs, strobe and beacon lights, and other safety related products for industrial applications.
Checkers manufactures and distributes a variety of branded safety products including cable management systems, wheel chocks, and warning whips for the industrial, mining, aviation, military, construction, and entertainment markets. The company has developed products that meet and exceed safety standards and has a leading position in its respective end markets.
For questions regarding the acquisition or Checkers Industrial Products, LLC please contact Greg Gundrum, Vice President of Sales and Marketing, at (720) 221-3980 or by email firstname.lastname@example.org or visit the company's website www. checkersindustrial.com.
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.