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RG Group expands product offerings with acquisition
York-based RG Group has acquired Benz Hydraulics, a Wilmington, Delaware-based company specializing in hydraulics and pneumatics.
The RG Group, a provider of motion control, fluid handling, and automation solutions, said the acquisition will enable it to expand product offerings and strengthen its presence in the Delaware market.
“We are excited to welcome Benz Hydraulics to the RG Group family,” said Steve Bennis, CEO of RG Group. “This acquisition allows us to enhance our retail operations, offer aftermarket services to a broader customer base, and develop a stronger presence in the state of Delaware. We are confident this is a positive step for both companies and our employees.”
Tim Dougherty, President of Benz Hydraulics, said, “As I was considering selling Benz, I thought about possibilities and things that would be critical to me, Benz and our employees. RG was a clear choice.”
Dougherty said the products and services that will be available will complement Benz Hydraulics’ current offerings.
“Since Benz has been a small, family-owned business for 40 years, it was key that our employees would be valued and continue to have a home. In meeting the RG team, it was evident that while RG is a large business, they treat their employees like family. We are pleased to become part of the RG team and very excited for the future,” Dougherty said.
“Tim Dougherty and I have developed a strong relationship over the past four years.” said Patrick Gross, president and COO of RG Group. “I truly admire the business he has built at Benz and am honored that he will be joining our team. I am confident this is a positive step for both RG Group and Benz, and I look forward to further building upon the legacy of the Dougherty family.”
