Hastings' Canadian Unit Agrees to Acquire Toronto Engine-Products Distributor; Hastings, Inc. will expand its Canadian presence with acquisition of Ertel Manufacturing Corp.

PR Newswire | February 12, 2003 | Copyright

Hastings Manufacturing Co. today announced its Canadian subsidiary has signed a definitive agreement to purchase Toronto-based Ertel Manufacturing Corp. of Canada, Ltd., a leading distributor of internal engine components throughout Canada's provinces.

The Hastings, Mich.-based piston ring manufacturer and engine-products specialist said the acquisition would allow its Barrie, Ontario-based Hastings, Inc. unit to increase market share and significantly expand its Canadian presence. On completion of the transaction, the company will sell a full range of internal ...

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