Husky Corporation has completed the asset acquisition of S.U.R.&R. of Akron, Ohio, a supplier of fuel, brake, air conditioning and transmission fluid line repair kits, along with specialty tools used within the automotive aftermarket industry. The acquisition is part of Husky Corporation's strategy as an industry provider of petroleum dispensing nozzles and related equipment to serve customer needs in the broader transportation sector.
"Husky is excited to be part of future growth in the fluid transfer business," said Husky Corporation PresidentGrenville Sutcliffe. "The S.U.R.&R. product line features the right combination of high quality and exceptional value that our customers have grown to expect."
S.U.R.&R. was founded in 2000 by Joseph Wathey who developed innovative technology to provide fuel line replacement kits that are safe, easy to use and reduce repair costs. The company expanded its offering to include kits for repairing and replacing air conditioning, brake, coolant, and transmission lines as well as specialty tools including brake line flaring tools, fuel injection cleaners, fuel pressure testers, hose clamp kits, and brake bleeder removal kits. Additional information can be found at http://www.surrauto.com/about.html
"I feel very comfortable that Husky will take our product line to a new level," said Mr. Wathey, who will serve as an advisor facilitating the transition and for new product innovations. "S.U.R.&R. complements Husky's diverse offerings quite well."
"The automotive aftermarket is a new channel, but is adjacent to the business sectors where we operate," said Husky Corporation Executive Vice President Brad Baker. "This acquisition will allow us to further leverage our manufacturing and back office capabilities."
Within the past six years, Husky has acquired BJE (oil and lube products) and Hewitt (aviation fueling products). In addition, the company has formed strategic partnerships or alliances with Benecor (DEF dispensing and storage solutions), Enevo (logistics optimization systems) and RS (liquid loading arms).
