Month: April 2022
Lubker Distribution Acquires Penny PartsApril 18, 2022
West Chester, PA – April 2022
LUBKER DISTRIBUTION is pleased to announce that it has acquired certain assets of Penny Parts, Clifton Heights PA.
Penny Parts was founded by Jim Lemisch. The company has been a long standing and trusted supplier to OEM’s of electromechanical assembled products and standard and specialty fasteners (stainless, steel, brass, nylon & more).
Lubker Distribution is a leading distributor of fasteners, assemblies, and related Class-C components serving industrial Original Equipment manufacturers (OEM’s) worldwide. From its headquarters in West Chester, PA, Lubker Distribution provides over 100,000 SKU’s to its customer base. Lubker Distribution operates primarily through a Vendor managed Inventory model, managing C-part categories for its customers across diverse industrial end-use markets.
Lubker Distribution is excited to welcome Penny Parts associates, customers, and suppliers into the Lubker family. Jim Lemisch will be assisting through a transition period, following the transition he will remain available as a liaison between previous Penny Parts customers and suppliers and Lubker Distribution. Though Jim will be (at least) semi-retired, he welcomes the opportunity to maintain a certain level of customer contact and support of on-going relations. The transition will include relocation of Penny Parts into the Lubker Distribution headquarter facility located in West Chester, PA.