SHEFFIELD, IOWA, US — Sukup Manufacturing Co. announced it is acquiring certain assets of Global Fabrication, Inc., a full service fabrication facility located in Hampton, Iowa, US.
The 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 the location and plans to have the facility fully operational by later this month.
“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,” said Steve Sukup, president and chief executive officer. “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.”
Todd Hall of Global Fabrication, added, “Sukup is a trusted employer in North Central Iowa. 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 adviser, and BrownWinick, acting as legal counsel, advised Sukup on the transaction.