Los Angeles, CA (April 29, 2013) – BCMS Corporate is pleased to announce the acquisition of Pacific Abrasive Supply Company (PASCO), an abrasive belt and disc converter, by Camel Grinding Wheel (CGW). The transaction was led by Shawn Thompson with the support of Jesse Glass from the BCMS Los Angeles Office. BCMS Corporate served as the exclusive financial advisor to Pacific Abrasive Supply Company. Terms of the acquisition were not disclosed.
BCMS Deal Leader, Shawn Thompson states, “Acquiring PASCO will expand CGW’s capabilities in the coated abrasive market, and PASCO will benefit from CGW’s substantial sales force and its thousands of distributor customers.”
“We are looking forward to working together to make this transition as smooth as possible for our customers,” said David Yeager, President and Owner of PASCO. “CGW products are a nice complement to the PASCO product line, and customers of both companies will benefit from the combined product lines.”
The acquisition will add abrasive belts and pressure-sensitive adhesives to the CGW line.
“This acquisition strengthens CGW’s position in the marketplace,” said Joe O’Mera, President of Camel Grinding Wheels. “Now CGW competes in the five largest abrasive categories—narrow belts, wide belts, flap discs, quick-change discs and PSA and cloth discs, which is unique in the industry.”
PASCO was founded in 1920 as a distributor of abrasives, cutting tools, carbides and other industrial supplies selling to manufacturing plants throughout California. Over the years, PASCO grew to become the largest abrasive belt fabricator in the U.S. Today, the company also manufactures other coated abrasive products, including sheets, discs, rolls, pressure-sensitive adhesive products, and specialty items.
The acquisition will bring the total number of Camel Grinding Wheels employees to approximately 100. CGW has been a supplier of grinding wheels since 1956. Its 100,000-square-foot USA facility serves as a centralized warehouse with manufacturing capabilities and includes customer service, sales, and marketing departments.