Sukup Acquiring Assets of Global Fabrication
Jun 2, 2022
Sukup Manufacturing Co. is pleased to announce the company is acquiring certain assets of Global Fabrication, Inc., a full service fabrication facility located in Hampton, Iowa. This expansion will allow Sukup to double its manufacturing capacity for cat walks, towers, and other structural products while maintaining a commitment to employment in North Central Iowa.
The existing facility is approximately 70,000-square feet. Sukup is currently accepting applications for immediate hires at this location, and plans to have the facility fully operational by April 2021.
Steve Sukup, president and CEO of Sukup Manufacturing, said, “This is the second facility expansion Sukup has announced in 2021, and we believe this investment in our manufacturing facilities is a positive sign of continued growth as a company. Ultimately, our goal is to create products that help farmers feed and fuel the world, and this additional space and personnel is necessary to meet demand. One of our top priorities in this acquisition is to retain many of Global Fab’s current employees. We look forward to a smooth transition, and adding manufacturing capacity for our material handling products.”
“Sukup is a trusted employer in North Central Iowa,” said Todd Hall of Global Fabrication. “We appreciate Steve Sukup's leadership through this process, and are confident the employee transition will go smoothly. It's great to know that Global Fab will be part of Sukup's positive impact on the agriculture industry moving forward."
NCP, Inc., acting as exclusive financial advisor, and BrownWinick, acting as legal counsel, advised Sukup on the transaction.
About Sukup Manufacturing Co.
Sukup Manufacturing Co. is the world’s largest family-owned and operated manufacturer of grain storage, grain drying and handling equipment, and steel buildings. The company is headquartered in America’s heartland - Sheffield, Iowa - and covers one million square feet of office, manufacturing and warehouse space. The company employs more than 600 people, making it one of the largest employers in North Central Iowa. Three generations of the family are active in the business.
Sukup’s product line includes on-farm and commercial grain bins; portable, mixed-flow and tower dryers; centrifugal and axial fans and heaters; stirring machines; bin unloading equipment and bin floors and supports. Sukup also manufactures material handling equipment including bucket elevators, conveyors and support structures; and steel buildings. Sukup has six distribution centers in the Midwest. Sukup products are sold throughout the U.S. and Canada, and in more than 80 other countries.
*This is a repost of an initial post on April 22, 2021