American Power Brush Manufacturing Inc. Completes Asset Acquisition of American Brush Co.

Mon May 11, 2015

American Power Brush Mfg Logo
American Power Brush Manufacturing, Inc.                                            
3150 NW 31st Ave, Building 3  
Portland, Oregon 97210

American Power Brush Manufacturing Inc. Completes Asset Acquisition of American Brush Co.

Power Brushes, Inc. of Toledo, Ohio announces that its affiliate, American Power Brush Manufacturing, Inc.  has completed the asset purchase of American Brush Company in Portland, Oregon.  Power Brushes, Inc. has been operating American Brush Co. under a Management Agreement since October 2014. The asset sale was completed on May 1, 2015.

American Power Brush Manufacturing Inc.  (APBMI)  will operate as an independent business enterprise with Power Brushes, Inc. supplying operational, sales, marketing and purchasing support. APBMI has both staple set and strip brush manufacturing capability and will continue to operate out of the same location in Portland, OR.

"This purchase both expands our brush manufacturing capability and provides us the ability to service markets and customer needs that we could not serve from Ohio" said Tom Parseghian, CEO of Power Brushes, Inc. 

American Brush Co. was founded in 1910, incorporated in 1916, and has been owned by members of the John Martin family since 1974.   Power Brushes, Inc. founded in 1957, manufactures custom engineered brushes for industrial applications.  
   
www.americanbrush.com                                                                           www.powerbrushes.com