LeMar acquires Hall Industries, merges Midwest Bearing
Jan. 18, 2011
by World Grain Staff
DES MOINES, IOWA, U.S. — LeMar Industries Corp. announced on Jan. 14 that it has made two strategic moves, acquiring Hall Industries of Sheffield, Iowa, U.S., and merging Midwest Bearing of Des Moines, Iowa, U.S., into its family of companies.
"These moves are a key step in LeMar’s overall growth strategy and give us the ability to expand core product offerings into the growing ag market," said Jason Luster, general manager. "This will help us continue to provide our customers the level of service and flexibility they demand and deserve."
Hall Industries, a design and metal fabrication shop, primarily services the agriculture industry. Founded by Todd and Lorri Hall in 1999, the company consists of more than 30,000 square feet of fabrication space including a new powder coat facility.
"We are very excited with this acquisition. Hall Industries has an excellent reputation for custom design and fabrication in both the grain and seed industries," Luster said. "We plan to invest both equipment and people capital in this business immediately."
Luster said Todd Hall will remain on board and become part of the key management team, and Hall Industries will remain as the operating business name.
Further strengthening its growth strategy, LeMar also added Midwest Bearing, a leading bearing and power transmission aftermarket supply house.
"We see significant bearing and power transmission demand in the grain industry, and this merger fills a void by providing another tangible benefit to our customers while capitalizing on existing synergies," said Luster. "‘Ease of doing business is one of our key markers. We continue to push ourselves to improve on that every day, and the addition of Midwest Bearing helps us accomplish that objective."