|
LoneStar Group Announcement
New Group CEO
We are pleased to announce the appointment of Trevor Swales as the new President and CEO of the LoneStar Group.
Trevor has over 20 years of senior leadership experience in both public and private equity owned businesses including Exova, Firth Rixson and Doncasters. In addition to bringing extensive knowledge of international business and mergers and acquisitions, Trevor’s experience of forging, machining and our key fastener markets will be invaluable.
Trevor adds “I am excited about joining the organization and working with you to realize the significant opportunities we have to take our business forward. Together, I am confident we will achieve our global growth objectives.”
Gary Kulesza will return to the CFO role and we would like to thank him for his leadership as Interim CEO.
LSP Holding (UK) LTD Board of Directors
15th August 2011
Lone Star Products Group Acquires Energy Hardware Holdings LLC
Greer, South Carolina (USA) – July 31st, 2011
Lone Star Products Group (“LSP”) is expanding its global footprint via a merger with Energy Hardware Holdings, LLC (“EH”).
Headquartered in Wolverhampton (UK), The Lone Star Group is a leading global provider of customized, high-performance fasteners, gaskets, and flow-control components.
Like Energy Hardware Holdings, Lone Star provides mission-critical components and value-added services to leading OEMs, distributors, and end market customers in the global oil and gas, hydrocarbon processing, power generation, and general industrial markets.
This merger is consistent with the global expansion goal of EH, and will give the Company access to a platform of LSP distribution.
With the acquisition of Energy Hardware the LoneStar Group will generate approximately £110 million revenue. |