HOUSTON – (April 2, 2018) — Bishop Lifting has acquired Safeway Sling USA, a sling fabrication company headquartered in Greendale, Wisconsin. Safeway Sling USA is a manufacturer of 100% USA made nylon and polyester lifting slings as well as wire rope slings, chain slings, and tie-down assemblies that meet all WSTDA standards.

Safeway Sling USA, Inc. has a proven record of excellence in designing and fabricating 100% USA made lifting slings for 40 years and has gained recognition as the “Gold Standard” for overhead lifting slings.Harold King, President of Bishop Lifting Products, stated that “we are excited with the addition of Safeway Sling to our family of companies. Safeway Sling has a proven track record in our industry of supplying the highest quality synthetic slings with the highest level of service. They will make a great addition to our team.”

Sue Szymczak, President of Safeway Sling USA, added that “We feel that BLP is the ideal fit to carry on our legacy of excellence.”Along with manufacturing synthetic and metal lifting slings, Safeway provides certifying/recertifying services of overhead lifting assemblies with in-house ASTM E-4 calibrated testing capabilities. Bishop Lifting operates 70 test beds throughout their 21 locations with pull test capacities ranging from 100K-1500K metric tons.Bishop Lifting Products, along with Singer Equities, are wholly owned subsidiaries of SBP Holdings. Bishop Lifting is engaged in the fabrication, distribution and rental of wire rope, sling and rigging products and services. Singer Equities specializes in industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services.

The combined entity has 61 locations throughout North America with over 1080 employees.More information can be found at www.staging-sbpholdingsmultisite.kinsta.cloud, www.safewaysling.com, and www.lifting.com.

Portland, ME: PRC Industrial Supply, headquartered in Portland ME, today announced a deal with ACE  Conveyor Services of Belgrade, ME to acquire all of its assets and hire its entire staff effective immediately.  The move comes after negotiations between the two companies over the past few months.  Vice President and GM of PRC, Kevin Easler, says it was mutual respect that made this deal possible.  “As customers across New England are increasingly coming to PRC for their conveyor belt requirements, we realized we needed more help,” he said. “Tom and his crew are hard working and well respected throughout New England. Tom and I both realized by joining forces we could achieve our shared mission for continued long term growth as well as provide long term growth opportunities for our co-workers. ”

Hudson, President and founder of ACE Conveyor Services, was equally pleased with the outcome of the negotiations.  “I built my company over the past 20 years from the ground up, and trained many vulcanizing technicians over the years,” he said.  “We’ve stayed small, and that has made us nimble and very efficient at what we do, but it has come at the cost of growing to a sustainable level.” As part of the deal, Hudson, who has over 35 years in the industrial rubber business, will help facilitate PRC’s long term growth strategy as well as become a sales and service rep. for PRC. Tom will be reaching out to all of his customers in the coming days to answer any questions they may have.

PRC Industrial Supply, established in 1895 formerly known as Portland Rubber Company, is a sales and service company, specializing in conveyor belt, industrial hose and fluid power components. With 3 locations and 28 employees, the company offers a full range of services including on-site conveyor belt installations, Industrial Hose as well as in-house repairs of hydraulic pumps, motors, valves, and cylinders. PRC Industrial Supply has locations in Portland and Bangor, ME., and Burlington, MA. (dba Stewart Hunt).

PRC Industrial Supply is a wholly owned subsidiary of Singer Equities and SBP Holdings, headquartered in Houston, TX and through its 58 locations provides industrial rubber and wire rope and rigging products and services to a broad range of industrial end markets throughout the United States and Canada.

More information can be obtained at www.prcindustrial.com , www.staging-sbpholdingsmultisite.kinsta.cloud , and www.singerequities.com

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To:      Our Friends, Colleagues, Supplier Partners and Supporters

Of the 225 SBP Holdings employees in the Houston area, 42 were directly impacted; 12 of whom experienced significant damage to their property.  Many of these employees and their families were displaced from their homes for several days and personal property / vehicles were destroyed.

The “Go Fund Me” account created for donations to support the SBP Employees Hurricane Harvey relief effort generated a greatly appreciated outpouring of support.  The compassion and generosity of our co-workers, supplier partners, industry colleagues, Board members and our AEA Investors equity partners has been tremendous. We are pleased to announce that over $104k was collected.  These generous donations made it possible for us to provide assistance to all 42 employees impacted at Bishop Lifting Products, Delta Rigging & Tools and National Hose.

We are creating the SBP Holdings Foundation to continue our path of protecting our teammates in the event of future disasters and extend our outreach to protect our most valued assets.

On behalf of all the employees at SBP Holdings and especially the 42 families that received your donations, we would like to express our heartfelt thank you for your generosity.    We continue to appreciate and value your partnership and support!

Sincerely,

Don Fritzinger

CEO

To: Our Friends, Colleagues, Suppliers and Supporters

Over 6 million people occupy roughly 2200 square miles of Houston and in the recent days we all have felt the wrath of Hurricane Harvey. With over 50” of rainfall in a matter of days the area has seen unprecedented flood levels and a potential overall cost estimated at $160B!

We continue to send our thoughts and prayers to everyone that has been affected by this tragic event. SBP Holdings, parent company of Bishop Lifting Products, Delta Rigging & Tools, National Hose & Accessory, and Morgan City Rentals has several locations within the affected area – the following is an update for our group:

National Hose & Accessory Prior to the storm making land a NHA text group was created to track all employees and their status. Several employees have been displaced and many have realized damage to their homes and vehicles. That said, by utilizing the text group, we were able to confirm that all team members were safe.

– NHA reopened for business on Wednesday, August 30th. In addition to reopening to customers in need, NHA is now working with local officials to utilize our location as a donation drop-off for supplies. We are currently in need of diapers, toys and non-perishable food.

– “I can’t express the pride I have in our team at National Hose! We were fortunate to only have minor damage to our Pasadena location. We are up and operational with employees that have already secured their family, friends, and homes. We stand ready to assist those in need and are very proud of all of our neighbors here on the gulf coast!”
– Mike Johnson – NHA GM

– Bishop Lifting Products Prior to the storm BLP management implemented a thorough communication plan including a phone number to call for updates as well as constant updates to the company Facebook page. During the storm, a daily internal email was sent to update employees. We have confirmed that our employees are safe, however, many have water damage to their homes and cars and a few have lost everything.

– The Houston BLP office reopened for business on Thursday, August 31. We are moving production to other locations and BLP locations are working together and utilizing inventory within our groups to minimize impact to our customers. Our goal is to do everything possible to help our customers meet project deadlines.
– “Thank you for your patience as our company returns to normal business. Our thoughts and prayers are with those that have been adversely affected. Our group will be organizing a way to contribute / assist those in need in the near future”
– Harold King – President BLP

SBP Holdings has established a dedicated relief fund to support the needs of its employees who have been adversely impacted by Hurricane Harvey and will match all donations made by SBP employees through September 22, 2017.

To make a confidential donation please visit https://www.gofundme.com/sbpblp-employees-flood-relief

Donations made to this initiative will go directly to SBP Holdings personnel affected by the storm. Your donations will help support these employees and their families through the challenges of recovering and rebuilding.

Our team at SBP Holdings appreciates your partnership and support. We will continue to monitor the situation at all our locations and will send out further updates as needed.
Sincerely,

Don Fritzinger
CEO SBP Holdings