Deacon Industrial Supply Co. (King of Prussia, Pa.) has reached an agreement with Herman Goldner Co. (Philadelphia) to purchase certain assets of Goldner's Industrial Supply Division.
In announcing the acquisition, William S. Vail, chief executive officer at Deacon Industrial, stated, "This acquisition significantly enhances Deacon Industrial's position within the mid-Atlantic regional market and enables us to combine the market segment strengths of each company into one organization."
Deacon Industrial plans to combine the Herman Goldner Supply operation into its existing King of Prussia and New Castle, Del., facilities.
This acquisition does not involve Goldner's Mechanical Construction, Services and Valve Automation divisions.
