Milton® Acquires Global-Flex Manufacturing
CHICAGO, IL. – Chicago-based Milton® Industries, a leader in pneumatic and hydraulic accessories, announced today its acquisition of Global-Flex Manufacturing, maker of flexible stainless steel, bronze, and PTFE hose assemblies and metal and rubber expansion joints. Global-Flex, based in Redding, California, has been in business for more than 25 years.
This is Milton®’s fourth acquisition in the last thirty months. “This expands Milton®’s presence and offerings into Global-Flex’s industrial engineered product range and distribution channels,” says Greg Carlson, CEO of Milton® Industries. “We plan to leverage Global Flex’s highly engineered product manufacturing and fabrication capabilities, complemented by Milton®’s business development expertise to broaden both brands’ footprints. Our combined knowledge, capabilities and distribution will fuel expansive growth.”
“Milton®’s market size and funding, and Global-Flex’s knowledge and understanding of customer needs is a win-win for the customer,” says Greg Hartley, Founder and President of Global-Flex Manufacturing. “I was very passionate about finding the right acquisition partner. Milton® is the perfect fit. They’re committed to our employees, our customers, and the continued success of Global-Flex.” Carlson will continue as CEO of Milton® Industries. Greg Hartley will work with Carlson to oversee Global-Flex operations and strategic initiatives into the space. Milton®’s management team is partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners).
Milton® and Global-Flex bring strong expertise and experience across their now combined markets in industrial, manufacturing, construction, agricultural, military, aeronautical, automotive, trucking/fleet industries.
About Milton® Industries
Based in Chicago, IL, Milton® Industries designs, manufactures and markets precision-engineered pneumatic and hydraulic accessories. It is focused on aggressive organic and acquisition growth. Milton® makes over 1600 SKU’s including hose whip assemblies and fittings, safety couplers, plugs, gauges, hose reels, blow guns, filter regulator lubricators (FRLs), signaling devices and accessories.
Most Milton® products are Proudly Made in the USA with U.S. and Global Components. For more about Milton®, visit: miltonindustries.com.
About Global-Flex Manufacturing
Based in Redding, CA, Global-Flex represents over 35 years of combined experience in flexible hoses, expansion joints, and accessories. Global-Flex manufactures and markets a complete line of flexible stainless steel, bronze, and PTFE hose assemblies, metal and rubber expansion joints and accessories. For more information about Global-Flex, visit: globalflexmfg.com.