We are pleased to announce that Pacific Fluid Systems, LLC has been acquired by HAWE North America Inc. (HAWE Hydraulics). It is our strong belief that this acquisition promotes the continued growth of our system-oriented business in the West and enhances sales opportunities with our key business partners. It is our intent to continue to work closely with all of our key suppliers and to grow those product lines that enhance our systems integration approach to the marketplace.
We believe that this acquisition enables Pacific Fluid Systems to obtain a strong position for growth in the western US not only from a financial perspective but also from a strong technical sales force and a combined product offering and technical support that is world class. We look forward to discussing our recent acquisition with you and our mutual ongoing success together.