Bridgestone HosePower (HosePower), a wholly owned indirect subsidiary of Japanese tyre maker Bridgestone Corporation, announced that it has acquired Greenville, South Carolina-based Cline Hose & Hydraulics. The acquisition furthers the expansion of HosePower’s hydraulic and industrial hose solutions and service business. Terms were not disclosed.
“Cline Hose & Hydraulics has an exceptional reputation for quality and has a very similar business model as Bridgestone HosePower.” said Tom Henry, President and CEO, Bridgestone HosePower. “This acquisition expands upon our capabilities while increasing our capacity to service a larger customer base with speed and flexibility.”
Cline Hose & Hydraulics is a family-owned business founded in 1948. Over the last 75 years, the Cline family has grown the company to include two retail locations in Greenville and Augusta, Georgia, along with a fleet of mobile service trucks to meet customer needs throughout the Southeast US.
“We are honoured to join Bridgestone HosePower, a company we’ve long admired as the leader in our industry,” said Scott Cline, Co-Owner of Cline Hose & Hydraulics. “Bridgestone HosePower shares in our commitment to customer service. For 75 years, our family has taken great pride in exceeding customer expectations. Now, with HosePower, we will be able to serve more businesses, help more people, and provide more opportunities to employees.”
Bridgestone HosePower has 47 locations across the U.S. including five OEM sales centres. Approved by each company’s board of directors, the transaction closed end December 2023.