C-Tech Industries' Parent Buys Victor Midland, Inc.
25 October 1999
C-Tech Industries' Parent Buys Victor Midland, Inc.CAMAS, Wash., Oct. 25 -- C-Tech Industries, formerly known as Cleaning Technologies Group, announced today that its parent company, Harbour Group, has acquired Victor Midland, Inc., a manufacturer and distributor of equipment, parts, and accessories for the industrial cleaning equipment market. Terms of the transaction were not disclosed. As announced in July of this year, The Hotsy Corp., of Englewood, Colo.; Landa, Inc., of Camas; Cuda Cleaning Systems, Inc., of Calumet, Mich.; and Rhino Industries, of Minneapolis were combined into a new company called Cleaning Technologies Group. Cleaning Technologies Group has been renamed C-Tech Industries. C-Tech, based here, is the leading North American manufacturer and distributor of cleaning equipment. Through its Hotsy, Landa, Cuda, and Rhino companies, C-Tech manufactures hot and cold pressure washers, waste water treatment and recycling systems, evaporators, parts washers, detergents, parts and accessories. Victor Midland, based in Springdale, Ark., owns Spraymart Pressure Supply and Tuff Manufacturing. Spraymart is the leading distributor of parts and accessories for pressure washers. Tuff is a full-line manufacturer of hot and cold pressure washers. Founded in 1988, Victor Midland has 157 employees and approximately 90,000 square feet of manufacturing and warehousing space. Products are sold through traditional pressure washer and cleaning equipment channels. C-Tech President Andrew Gale said, "The acquisition of Victor Midland enhances our ability to provide our customers with the broadest line of industrial cleaning equipment and significantly improves our ability to service them with parts and accessories. We look forward to the synergies it will provide and to further growth through organic expansion and additional acquisitions in the future." C-Tech is a subsidiary of St. Louis-based Harbour Group. Sam Fox, Chairman and Chief Executive Officer of Harbour Group, said the acquisition exemplifies Harbour Group's commitment to the industrial cleaning equipment market. "This acquisition is the second this year for C-Tech and creates significant marketing and manufacturing synergies with the other C-Tech companies," he said. Harbour Group is privately owned. Harbour Group, its related companies and former subsidiaries (the public companies in which Harbour Group retains varying amounts of stock ownership), are also engaged in the manufacture of industrial products including automated production equipment, auxiliary plastic processing equipment, automotive accessories, spray equipment and products, textile machinery, component parts for the computer industry, pre- engineered building components, and heat exchange equipment. These businesses have annual revenues in excess of $1 billion.