Harbour Group's GranQuartz Acquires Granite City Tool

ST. LOUIS, Aug. 1, 2016 /PRNewswire/ -- GranQuartz, L.P., a Harbour Group company, has acquired the assets of Granite City Tool Company, Inc., Jeff Fox, Harbour Group's chairman and chief executive officer, announced today.  Terms of the transaction were not disclosed.

Since 1885, Granite City has distributed cutting tools, abrasives and ancillary products for the stone cutting and monument industries.  The company, which is based in St. Cloud, Minn., serves the needs of customers who primarily reside in the upper Midwest.  Granite City maintains several brand names including Rival®, Rival Bond™, Dia-Pro® and Nitro One Shot™.       

Mr. Fox commented, "Granite City and GranQuartz have been serving the same market for many years.  The combination of the two businesses greatly strengthens their ability to offer a broader line of products and expand their geographic reach.  We look forward to bringing Granite City under our umbrella and to help them continue to grow their distribution reach."

Dan Davidenko, president and chief executive officer of GranQuartz, commented, "We are excited about the addition of Granite City and believe their long term position in the upper Midwest and strong customer relationships will help us continue to grow our presence there and throughout the country."

About GranQuartz
GranQuartz, based in Tucker, Ga., is the country's largest provider of tools, equipment, and accessories to the natural and engineered stone industry.  The company is a one-stop shop for stone fabricators, with a focus on residential and commercial applications.  A catalog of over 9,500 products meets the needs of stone-working professionals at every stage of the process, from fabrication through installation and ongoing maintenance requirements.  To support its customers, GranQuartz utilizes a diverse multi-channel system that includes the largest field sales force in the industry, 13 retail and distribution centers, catalogs, telemarketing and e-commerce.

About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Mo.  Harbour Group's companies are engaged in manufacturing and distribution in multiple industries, including scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, logistics services, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment.  Since its founding in 1976, Harbour Group has acquired 186 companies in 39 different industries.

SOURCE Harbour Group