Canton Township-based ZSi-Foster, which offers clamp, coupling, and strut support systems, has acquired Hydra-Zorb Co. in Auburn Hills, which supplies pipe, hose, and tube clamping for the hydraulic, HVAC, plumbing, and refrigeration markets. Terms of the deal were not disclosed.
“The Hydra-Zorb organization is excited to bring our products into the ZSi-Foster and Ideal Tridon family,” says Bob Dodge, CEO of Hydra-Zorb. “This transaction combines our deep industry and product knowledge with that of ZSi-Foster and Ideal Tridon and provides our customers with complementary brands that represent the best clamp, pipe, hose support, and HVAC accessory products available on one comprehensive platform.”
The acquisition of Hydra-Zorb is the most recent for Ideal Tridon. Ideal Tridon is a portfolio company of Snow Phipps Group and a global designer and manufacturer of engineered components supporting and connecting the movement of air, fluid, and electricity.
Its clamps division designs and manufactures stainless steel and specialty clamps for fastening and sealing applications across end markets and channels including OEMs and the replacement market.
“We have great respect for the Hydra-Zorb organization,” says Rick Stepien, CEO of Ideal Tridon. “Their strong products and commitment to quality and service align well with the Ideal Tridon mission. Their innovation with the original Hydra-Zorb clamp and Klo-Shure insulation clamp along with recent product additions designed for the high growth mini-split market is a testament to their vision.
“Together with ZSi-Foster and the companies in the Ideal Tridon Group, we now offer our customers a complementary and expansive range of the top clamping, hose, and pipe support products in the world.”
ZSi was acquired by Ideal Tridon in Tennessee in 2019. Ideal Tridon has facilities in North America, Europe, and Asia.
Hydra-Zorb was founded in 1972 and offers solutions to shock, vibration, and corrosion problems.
Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since it was founded in 2005. It is based in New York.
