Hawe Hydraulik acquired a majority of the shares of Hydra-Fab Fluid Power Inc. in Ontario, a deal that is effective June 1.
Hawe Hydraulik will have a 55% stake in the company, while 45% of the shares remain with Richard Gores, who continues to act as general manager.
Hydra-Fab Fluid Power has been a HAWE distributor serving Ontario for 18 years. The company supports the industrial, power generation, and mobile markets and is a specialist in work holding hydraulics as well as in filtration.
With this step, Hawe continues to expand its presence in North America with existing facilities in Charlotte, North Carolina; Portland, Oregon; and Houston, and its participation in Northstar Fluid Power Inc. in Alberta.
Following the acquisition, the company and brand name will remain Hydra-Fab Fluid Power.
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