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- Standard Iron Acquires Helgesen Industries
Standard Iron Acquires Helgesen Industries
Slice of Manufacturing Team
August 09, 2024
Key Highlights:
Acquisition enhances Standard Iron’s complex fabrication capabilities.
Helgesen’s locations in the US, Poland, and Brazil expand geographic reach.
Combined organization offers diverse solutions to global OEM markets.
Source (Business Wire)
Notable Quotes:
"We are proud to announce the addition of Helgesen to the Standard Iron family. Helgesen has a strong reputation in the market and is a leader in engineered offerings, including fluid conditioning tanks and other complex fabrications."
"We are excited to join the Standard Iron organization. In addition to a great historic relationship and strong organizational cultural fit, our team was drawn to the commercial fit of the organizations and the impact of the enhancements we can offer our customers in terms of products and service."
"We are excited about our partnership with Standard Iron and Helgesen, and the long-term growth potential of the combined organization. We believe this transaction supports the collective vision of the management teams to be a critical and trusted manufacturing partner to OEM customers."
Our Take:
The acquisition of Helgesen Industries by Standard Iron marks a significant milestone in the industrial manufacturing sector. This strategic move not only broadens Standard Iron’s geographic presence but also enhances its capability to deliver complex fabrications across various markets. The synergy between these two industry leaders promises to deliver innovative solutions and exceptional service to OEM customers worldwide. The support from Owner Resource Group further strengthens this alliance, positioning the combined entity for long-term growth and success. This acquisition is a testament to the value of strategic partnerships in driving industry advancement.