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Industrial Controls Acquires Carolina Controls Depot

Mar 1 2012 (All day)

Wanamassa, NJ, March 2012 - Industrial Controls is pleased to announce its acquisition of Carolina Controls Depot (CCD), a North Carolina based distributor of HVAC Controls.  Carolina Controls Depot will integrate operations with Industrial Controls to serve the North Carolina, South Carolina and Virginia markets.  CCD will be a new branch addition in Raleigh, NC and will complement Industrial Controls’ existing network of 18 branches and build upon the existing instrumentation, valve and industrial component businesses in the Southeast Region.

The addition of CCD will provide Industrial Controls with an exceptional platform to broaden its HVAC product offering and increase its customer base.  CCD is a very strong regional distributor and has been named Honeywell’s HVAC Distributor of the Year in 2011 and 2008. “This merger positions us well to accelerate our market penetration in the Southeast,” said Joe Eichelberger, President and CEO of Industrial Controls.  “CCD’s proven track record of rapid growth, outstanding customer service and strong technical support aligns perfectly with the same key fundamentals that we strive to provide our customers every day.”

Paul Thomas of Carolina Controls Depot has been appointed the Regional HVAC Manager for Industrial Controls’ Southeast region.  Paul brings the extensive customer and technical expertise needed to lead Industrial Controls’ efforts to expand its HVAC business in the region.  “The integration of the two companies will facilitate our goal to invest for growth and expand our offerings to better serve our customers.”

About Industrial Controls and ERIKS

Founded in 1976, Industrial Controls is the leading distributor of controls, instrumentation, automation and automated valves in the U.S.  Industrial Controls serves over 10,000 blue chip customers with the industry’s premier brands through its national network of branch offices and e-commerce/catalog capabilities.  For more information visit www.industrialcontrolsonline.com.

Industrial Controls became part of the ERIKS Group in November 2011. ERIKS is one of the world’s largest industrial distributors with annual sales of $2.1B USD, and over 600 locations throughout 25 countries.  Johan Sleebus, Chairman of the Executive Board of ERIKS, said, “The Executive Board fully supports Industrial Controls in its acquisition plans. The continued growth of Industrial Controls and our other North American-based companies (ERIKS Seals and Plastics, Lewis-Goetz, Rawson, Newdell, Diamond Gear and Quantum) is in line with our commitment to further expand into North America in the coming years."  For more information visit www.eriks.com.

General inquiries, please contact:

Todd Darrow

Marketing Communications Manager

Industrial Controls

732-918-9000 ext. 5274


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