Component Hardware Group, a Lakewood, N.J.-based manufacturer of premium plumbing and hardware products for commercial, food service and institutional applications, Jul. 3 announced it has purchased CHG-Europe in Almere, Netherlands.
    Previously a joint venture between CHG and one of its international distributors, CHG-Europe is now wholly owned and controlled by Component Hardware Group, Inc.
    “We felt that completing the acquisition of CHG-Europe was timely, given the slowing economic conditions domestically,” said CHG president Tom Carr. “This purchase will allow us to streamline efficiencies within our organization and better position our company for growth opportunities on the European continent, as well as other international markets.”
    The acquisition of CHG-Europe gives CHG a sales and distribution point strategically located in Europe. With a 40,000-square-foot warehouse, CHG-Europe can provide product to anywhere on the continent.
    CHG recently hired Jaap van Ginneken to serve as managing director to oversee the new CHG-Europe operation, while Ted Wayenburg will continue in his current role as CHG Europe’s inside-sales liaison.