Tag Archive | "acquisiton"

Tags: , ,

GranQuartz Acquires Granite City Tool

Posted on 03 August 2016 by cradmin

GranQuartz/Granite City ToolGranQuartz, L.P., a Harbour Group company, recently announced the acquisition of the assets of Granite City Tool Company, Inc. “Granite City and GranQuartz have been serving the same market for many years.  The combination of the two businesses greatly strengthens their ability to offer a broader line of products and expand their geographic reach.  We look forward to bringing Granite City under our umbrella and to help them continue to grow their distribution reach,” commented Jeff Fox, Harbour Group’s chairman and chief executive officer. Terms of the transaction were not disclosed.

Granite City has distributed cutting tools, abrasives and ancillary products for the stone cutting and monument industries since 1885.  The company, based in St. Cloud, Minn., serves the needs of customers who primarily reside in the upper Midwest.  Granite City maintains several brand names including Rival®, Rival Bond™, Dia-Pro® and Nitro One Shot™.

Dan Davidenko, GranQuartz president and chief executive officer, commented, “We are excited about the addition of Granite City and believe their long-term position in the upper Midwest and strong customer relationships will help us continue to grow our presence there and throughout the country.”

Comments (0)




Advertise Here
Advertise Here

The Countertop Industry Insider Monthly Newsletter



......................................

Subscribe to Get New Posts via Email

Enter your email address to receive new posts by email. You can choose to receive notifications weekly or daily, excluding weekends and holidays.



......................................

Advertisement



......................................

CountertopResource on Social Media





......................................


Advertisement



............................................




Webutation
WEB RATING













%d bloggers like this: