P&F Industries Acquires Blaz-Man Gear And Gear Products & Manufacturing

P&F Industries Acquires Blaz-Man Gear And Gear Products & Manufacturing

The purchase price consisted of an aggregate of approximately $3.5 million in cash and the assumption of certain payables and contractual obligations.

P&F Industries, Inc. announced that effective recently, through a wholly owned subsidiary of Hy-Tech Machine, Inc., it acquired substantially all the assets comprising the businesses of Blaz-Man Gear, Inc. and Gear Products & Manufacturing, Inc., each an Illinois-based corporation that manufactures and distributes custom gears and power transmission gear products. The purchase price consisted of an aggregate of approximately $3.5 million in cash and the assumption of certain payables and contractual obligations. In addition, the sellers may be entitled to additional contingent consideration based upon sale of certain categories of acquired inventory during the two-year period following the closing date. 

Richard Horowitz, P&F’s chairman, president and CEO, stated, “I am extremely pleased to announce the acquisition of both the Blaz-Man and Gear Products businesses. These acquisitions further expand our gear product offerings to a broader range of industries and provides us with expertise to expand into more complex spiral and straight bevel gear design and manufacture. We believe that consolidating the operations of these acquired businesses within Hy-Tech’s Quality Gear operations throughout the next 12 months should generate cost reductions and other efficiencies. This transaction is a meaningfully strategic step for the company, as we continue to expand our offerings in the air tools and related accessories market.”

You May Also Like

GSP Announces July New Products

The company has released 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

GSP-Announces-July-New-Products

GSP North America announced the release of several new products for July.

The company has introduced 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

All new products are in stock and ready to ship, according to GSP.

US Motor Works: From Pumps to Powerhouse

Driven by a relentless focus on quality and operational excellence, US Motor Works has evolved into a leader in cooling and fuel systems.

US Motor Works
Standard Motor Products Adds 186 New Numbers in June

SMP said emission control is one of several engine system categories that see continued expansion.

Standard-Motor-Products-Adds-186-New-Numbers-in-June
Valvoline Releases Corporate Social Responsibility Report

The report highlights Valvoline’s fiscal year 2023 people, safety, environmental and innovation initiatives.

Valvoline-corporate-social-respon-report
HELLA PAGID Launches Semi-Metallic Brake Pad Line

The new brake pad line “delivers exceptional performance while maintaining the highest standards of safety and reliability, the company said.

Hella-Pagid-brake-pads
Other Posts
Lumileds Introduces Xperion 3000 LED Light

The Under Bonnet LED light offers up to 1,200 lumens and articulating LED lightbars to direct the beam where it’s needed.

Lumileds-Releases-Xperion-3000-Under-Bonnet-LED-Light
PRT Launches 94 New Strut Assemblies

Further expanding PRT’s portfolio, the new release covers more than 15 million U.S. vehicle applications.

PRT Launches 94 New Strut Assemblies In U.S.
Akebono Expands Disc Brake Pad Product Lines

Akebono expanded its ProACT and Severe Duty Ultra-Premium Disc Brake Pad line by 11 new part numbers.

Akebono Releases ProACT and Severe Duty Ultra-Premium Disc Brake Pad Kits
Dorman Products Releases Hundreds of New Repair Solutions

The new products add to a catalog of more than 120,000 SKUs offering millions of new sales and repair opportunities for customers throughout North America, the company said.

Dorman-Products-building-HQ