Hy-Tek Holdings continues to expand via acquisition

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Hy-Tek Holdings integrates autonomous mobile robots from Mobile Industrial Robots (MiR) | Credit: MiR

Material handling automation integrator Hy-Tek Holdings continues to expand via acquisition. Columbus, Ohio-based Hy-Tek has acquired FASCOR, a Cincinnati-based provider of proprietary supply chain execution software, and LCS, a systems integrator in Henry, Ohio. Financial details of the deals weren’t disclosed.

The companies will operate as Hy-Tek Material Handling and service customers working in e-commerce, third-party logistics, and parcel applications.

“Hy-Tek’s acquisitions of FASCOR and LCS broaden our offerings as the predominant player in material handling and integrated systems (IS),” said Hy-Tek Holdings CEO Sam Grooms. “With FASCOR, Hy-Tek helms the supply chain, delivering robust, agile, affordable execution, transportation, and inventory management software solutions. LCS, a long-standing Hy-Tek partner, expands our IS reach. Committed to growth, Hy-Tek always is looking for best-of-breed companies to join us,” said Grooms.

In January 2022, Hy-Tek acquired Advanced Handling Systems (AHS). AHS is also a material handling automation integrator. It specializes in automating eCommerce, manufacturing, pharmaceutical, retail, food and beverage and wholesale operations. AHS is located in Erlanger, Ky., and was established in 1967.

Hy-Tek Holdings was founded in 1963 and is a portfolio company of Dunes Point Capital.