Berlon Industries has agreed to acquire Lowe Manufacturing. Lowe supplies auger, trenching, and grapple attachments that will complement Berlon’s line of buckets and attachments, according to the company. The deal is expected to close the first week of January 2022.
“Lowe Manufacturing is highly respected for the quality of its attachments used in fencing, construction, landscaping, rental, contracting, utility, and agricultural applications,” said Randy Schickert, president/CEO of Berlon, in a prepared statement. “Richard and Mary Lowe have done an outstanding job growing the company and enhancing the Lowe products and brand. We are excited about maintaining the Lowe brand, the company’s people and its facilities in western Wisconsin.”
Richard Lowe will retire from Lowe Manufacturing, which was founded in 1971, while Mary Lowe will remain with the business.
“Berlon looks to be a perfect fit for continuation of Lowe Manufacturing,” said Richard Lowe in a statement. “Their business model is in line with the Lowe model, which is based on quality products made by dedicated and talented people, and an entire staff that cares deeply about the customer.”
All staff at both Lowe Manufacturing and Berlon Industries will be retained.
The acquisition includes the Spiral Metals, LLC, division of Lowe Manufacturing, which specializes in nonstandard helicoid flighting, sectional flighting, and conveyor screws. The spiral products are used within Lowe’s attachments and sold to outside customers.
Source: Berlon
