Swagelok Company announced that it has signed an agreement to purchase the assets of Hy-Level Industries, a Strongsville, Ohio-based privately held manufacturer of automotive, electronic and fluid power components. Hy-Level Industries employs approximately 250 skilled associates. Terms of the agreement were not disclosed.
“Due to our sustained growth over the past several years, Hy-Level’s associates and manufacturing capacity will be an excellent complement to our organization,” says Swagelok president and chief executive officer Arthur F. Anton. “In addition, the similarity in values and culture of the two organizations is striking. Combining our resources and capabilities will increase our capacity and enhance our ability to provide fluid systems solutions for customers around the world.”
Headquartered in Solon, Ohio, Swagelok is a major developer and provider of fluid system solutions, including products, assemblies and services for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, alternative fuels, and semiconductor industries. Its manufacturing, research, technical support, and distribution facilities support a global network of more than 200 authorized sales and service centers in 57 countries.