Scott Fetzer Ramps Up Its Acquisition Program by Hiring Vince Nardy

WESTLAKE, Ohio, April 11, 2011 /PRNewswire/ -- The Scott Fetzer Company announced today that Vince Nardy has joined the company in the newly created position of Chief Operating Officer and Director of Merger & Acquisitions. Nardy, who will report to Chief Executive Officer Bob McBride, will work closely with the company's operating units to identify acquisition opportunities.

"Adding Vince is a significant event for Scott Fetzer, and we are pleased to bring onboard someone of his caliber and expertise," McBride said.  "We are intent on supplementing our growth through acquisitions and doing so successfully. We have identified several key areas for expansion, and Vince will be examining those sectors closely for opportunities as we pursue our growth strategy."

For the past 10 years, Nardy, 52, has been chief executive officer of HDT Engineered Technologies, a Solon, Ohio-based global manufacturer and supplier of mobile soldier support equipment to the U.S. military. Nardy nurtured the company through nine acquisitions, overseeing growth from $16 million in revenue to $500 million. Throughout his 30-year career, he has worked closely with the banking and investor communities to raise both debt and equity funding.

"This is a wonderful opportunity, and I am excited to join Scott Fetzer as it ramps up for strategic growth," Nardy said. "I look forward to working with Bob and his management team as we open a new chapter at Scott Fetzer."

Nardy earned a BSBA degree in accounting and finance and an MBA from Youngstown State University.

Founded in 1914, The Scott Fetzer Company is the lead company in a diversified group of companies that provide industrial, commercial and consumer products.  Among its best known product lines are Kirby home cleaning systems, World Book encyclopedias and Campbell Hausfeld air compressors.  

SOURCE The Scott Fetzer Company