Press Release: G.L. Huyett Acquires AZ Lifting Hardware

7/16/2018
G.L. Huyett, an ISO 9001 certified manufacturer, master distributor, and importer of non-threaded fasteners, grease fittings, and engineered fasteners, has acquired AZ Lifting Hardware, of Phoenix, Arizona.
 

G.L. Huyett Acquires AZ Lifting Hardware


MINNEAPOLIS, KANSAS – JULY

 

G.L. Huyett acquires AZ Lifting Hardware

On Friday, July 13, 2018, Minneapolis, Kansas, based manufacturer and master distributor, G.L. Huyett, acquired AZ Lifting Hardware of Phoenix, Arizona.

 

On Friday, July 13, 2018, G.L. Huyett announced its acquisition of Phoenix, Arizona, based AZ Lifting Hardware (AZLH), a privately held lifting hardware distributor.

G.L. Huyett’s CEO, Tim O’Keeffe, explained, “This acquisition complements G.L. Huyett’s strategy to grow our business exponentially through the addition of products and services that add value to our customers. We now have a warehouse located in the Southwest, allowing us to reduce freight costs to the West Coast for G.L. Huyett products, as well as plans to dispatch lifting hardware to our Tennessee Warehouse to reduce freight costs for customers on the East Coast.”

Since 2006, AZLH has distributed a diverse range of lifting, rigging, and suspension hardware for shipping, construction, and architectural industries across North America. “I started this business with a mission to offer high quality hardware at fair pricing, 'Global Sourcing with Domestic Standards.' It has been a great run, and this is a perfect fit. I am excited that G.L. Huyett will extend and leverage what we have built over the past decade,” expressed Chuck Smith, AZLH President and Founder.

AZLH’s primary product lines of eye bolts, turnbuckles, and shackles, along with chain and rope fittings, are immediately available on Huyett.com.

Smith reflected, “While I am sentimental in retiring, I know that G.L. Huyett is the best partner for my employees, customers, and suppliers. I have been impressed with how fair and forthright they have been in executing the transaction.” O’Keeffe revealed, “This is our fourth acquisition in three years. In each case, I can still count on the seller as a friend and trusted colleague, and I know that will be true with a great entrepreneur like Chuck Smith.” O’Keeffe noted further, “We are still in the market to acquire businesses of other retiring or interested entrepreneurs and hope to continue to add products and locations so we can provide greater value to our distributor customer base.”

 

About G.L. Huyett

Established in 1906 by Guy Huyett in the “other Minneapolis,” the company is one of the oldest continuously operating businesses in Kansas. The company was founded on the production and distribution of machinery bushings. In the 1990’s, entrepreneurial owners Tim and Carol O’Keeffe recognized huge potential in offering low order minimums, fast shipping, and expanding product offerings to a complete inventory of power transmission components, pins, retaining rings, grease fittings and accessories, engineered fasteners, bushings, washers, assortments, and tools.