Salem Distributing Co. Inc., headquartered in Winston-Salem, N.C., has acquired the assets of HHH Tempering Resources Inc., a glass industry technical team and fabrication machinery provider based in Coral Springs, Fla. Effective immediately, HHH is a wholly owned subsidiary of Salem. The company will retain is branding and current leadership.
However, the company’s headquarters will relocate to Winston-Salem in Salem’s existing facility. The move will be complete by August 30. HHH’s New Kensington, Pa., and Vancouver, Wash., facilities will continue to operate as normal. According to HHH president and CEO Mike Synon, no employees will lose their jobs as a result of the acquisition.
With this move, Salem increases its foothold in the flat glass industry it serves as Salem Flat Glass & Mirror and, according to a company statement, the acquisition is a strategic move in Salem’s greater vision of providing the glass industry with innovative solutions and unmatched service.
“Our core focus is to grow and enrich the quality of our employee-owners’ lives while delivering success to our customers. The acquisition of HHH will expand these efforts and help us achieve our goals of growing our company while staying customer focused, accountable and solution oriented,” says Mike Willard, CEO and an owner of Salem. “We believe the great reputation for quality products and technical service that HHH has built is a fit for the Salem family.”
HHH will continue providing glass tempering machinery and technical service. Synon as well as the rest of the HHH technical and leadership teams will stay intact. HHH employees will become eligible for employee ownership and will be rolled into Salem’s employee benefit programs.
“We’re excited to join forces and become part of the Salem family,” says Synon. “The entire HHH team looks forward to continue serving the needs of North American fabricators.”
He adds that this acquisition will make Salem and HHH the largest equipment distributer in North America, broadening the product lines for both companies.
“I think it’s a wonderful combination. The two teams each have strengths in different areas, ours being technical and theirs being sales. It’s a great marriage,” says Synon, adding that the companies will enhance each other and train each other’s technicians. “We have an amazing synergy focused on the customer first.”
“This is an incredible opportunity to combine our efforts as well our machine lines, and to further grow our offerings of cutting-edge products, processes and technology, adds Ann Greco, sales operations manager and an owner of Salem. “It is our goal to provide innovative solutions to existing customers of both companies.”