Hisco Announces Acquisition of B&L Technologies

HOUSTON, June 17, 2008 – Hisco is pleased to announce the acquisition of the distribution division of B&L Technologies, a Victor, NY based capital equipment and materials supplier to the electronics assembly industry. This expansion is part of Hisco’s continued strategy to strengthen its customer service, support, and local inventory to customers in the upstate New York region.

The acquisition will provide Hisco with additional resources, as well as a 6,000-square-foot-facility, approximately 18 miles south of Rochester, to help support customers’ needs. With Alpha Metals as the cornerstone materials supplier, customers will now enjoy the expanded breadth of products offered by Hisco.

According to Hisco President Bob Dill, there is a great deal of synergy between the two companies. “B&L Technologies provides their customers with engineered solutions supported by outstanding customer service. The parallels between our customer base, core product offering, and value proposition made this a natural fit,” Dill said.

Bob Bernatovich, President of B & L has stated, “B & L Technologies, Inc. will continue to offer its existing line of capital equipment, which includes the leading manufacturers in the electronics industry.”  B & L has been a prominent supplier in the upstate New York area for over 20 years and will continue to provide customer assistance and process guidance to their capital equipment customers.   

The Victor location will operate as a satellite division of Hisco’s New Jersey Branch office managed by Mr. Greg Smith.