Harbour Group recently announced it acquired Pearlman Corp., the parent company of Pearl Abrasive Co. and Keystone Tools.

Pearlman, based in Commerce, Calif., is a developer and supplier of branded, high-quality abrasives, diamond-cutting and related products.

“Pearlman is a great business in a sector we understand well,” said Sam Fox, chairman and CEO of Harbour Group. “We believe there are opportunities for further penetration of its existing markets, entry into new markets and geographies, and continued development and introductions of new products. In addition, Pearlman’s markets are both large and highly fragmented, and we will aggressively pursue complementary acquisitions.”

Fox also emphasized that Harbour Group’s acquisition will allow the company to continue to pursue its growth strategy. “[Pearlman] created significant value through the innovative development of the highest quality products, a focus on superior customer service and the development of the Keystone distribution model. We intend to dedicate all our resources to continuing that legacy, and in particular, to extending the Keystone footprint,” Fox said.

Harbour Group is a privately owned company based in St. Louis. Harbour Group and its operating companies manufacture and distribute a variety of consumer and industrial products, including entertainment products, automotive enthusiast products, lubricating systems and equipment, auxiliary plastic processing equipment and heat exchange equipment.

Pearlman was founded in 1968. The company’s products include a broad line of diamond cutting wheels, abrasives, chemicals, power tools and related products for stone fabricators, tile installers and construction contractors.