Eriks completed the acquisition of a majority stake in Reiff Group.

Eriks, an industrial services company, completed the acquisition of a majority stake in Reiff Group, a trading company focused on technical products for the industrial OEM market. Financial terms were not disclosed. “This acquisition is a powerful step toward our vision of making industry perform better. By combining REIFF’s local expertise with ERIKS’ deep know-how and international reach, we strengthen our ability to improve the efficiency, reliability, and sustainability of industrial processes. Together, we will accelerate innovation, create new opportunities for our customers and employees, and deliver on our shared commitment to performance and responsibility,” Victor Aquina, ERIKS CEO.