Management buys control of metal tubing maker: Vernon-based Hannibal was owned by Japan's Mitsui & Co.(ACQUISITION)

Los Angeles Business Journal | April 7, 2008| | Copyright

AFTER nine years under Japanese ownership, Vernon metal tubing manufacturer Hannibal Industries Inc. has been acquired by its management.

Former owner Mitsui & Co. Ltd., a Tokyo-based metals and natural resources trading company, began seeking an acquirer for Hannibal a year ago, since most of the company's U.S. subsidiaries are located in the Midwest or East Coast, said Hannibal President Blanton Bartlett.

"The people who have been here growing Hannibal are now in charge of Hannibal' s future," said Bartlett. "We'll take what we've done with Mitsui and ...

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