NEWS

Press Release

July 11, 2011

FOR IMMEDIATE RELEASE 2:30 P.M. CDT, July 11, 2011, ELK GROVE VILLAGE, IL

STEINER ACQUIRES INLAND CUTTING PRODUCTS & INDUSTRIAL SLING

Steiner Electric Company, headquartered in Elk Grove Village, Illinois announces the merger of the Crown Industrial Supply Division with Inland Cutting Products and the Industrial Sling Company.

Founded in 1982, Inland Cutting Products, headquartered in Countryside, Illinois, is a leading distributor of name-brand industrial metalworking supplies and equipment. Inland's focus has been the steel processing and metalworking industry in the greater Chicago area, Northern Illinois and Northwest Indiana, providing integrated supply solutions, product application and other services.

Steiner, founded in 1916 is well known as the largest independent distributor for electrical supplies in northern Illinois. In addition to being a large lighting, motor, drives and motor repair, generators and automation products distributor, Steiner entered the industrial supply business in 1998 with the acquisition of Crown Industry Supply Company.

“With the announcement of Inland Cutting Products, we combine the strength of two teams, industry-leading manufacturers and a strategic customer base into one organization”, says Richard Kerman, Steiner Electric President & COO. Overseeing the new organization will be Daniel Bruch, President of Inland Cutting Products and Mark O'Brien, General Manager.

Daniel Bruch will be President of Steiner Industrial Supply Division. Dan is an Industrial Engineer with comprehensive knowledge of the industry. He founded Inland Cutting Products and has guided its continuous growth.

“I am excited by this opportunity to expand our customer programs. Inland provided excellent customer service to become the leading distributor for band saw blades, cutting tools, metalworking fluids and lubricants. The new Steiner will take advantage of the synergy from combining our companies to provide the most effective customer support in our market place. Premier products, unsurpassed product knowledge and excellent technical application support will be at our core,” Says Dan Bruch. “This is an amazing opportunity for our customers, suppliers and Steiner. Working with Dan and the Inland team will be a real pleasure,” explained Mark O’Brien.

July 11, 2011, posted by Troy U. Yilmaz

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