Ritter Technology, LLC, a distributor of industrial motion and control products, announced that it has acquired Primet Fluid Power Company located in Hammond, Ind. This acquisition strengthens Ritter’s commitment to provide systems solutions to its customer base in the greater Chicago metropolitan area with a special focus on Northwest Indiana.
Primet was founded in 1983 by William J. Bestow, Sr. who built the business with his son, Bill—who remains as Primet’s President.
“We are pleased to welcome Bill Bestow and the highly talented Primet team to our expanding network of professionals. Given Ritter’s focus on providing products and services to our industrial customers in the Great Lakes Basin, Primet is a perfect partner for Ritter. We have worked successfully with Primet in the past and we see a great deal of synergies between our businesses,” said Tim Hall, CEO of Ritter.
“As a smaller specialty supplier, I appreciated how Ritter approached us about joining forces. Our new partnership with Ritter’s technical team will enhance Primet’s ability to continue tailoring solutions in accordance with our customer’s needs. I have worked closely with Ritter professionals in the past and I trust the character of the organization and their commitment to customer service. We plan to go forward together boldly,” said Bill Bestow.
Terms of the acquisition are not disclosed because both companies are privately held.
Filed Under: Mobile Hydraulic Tips, News