“As Sukup Manufacturing Co. has been able to expand and grow, our dealers have also grown bigger and shared in our success. DanCorn is an example of the benefit of a mutually strong and lasting partnership,” said Steve Sukup, chief financial officer of Sukup.
“We are looking forward to continued growth with DanCorn and the expanding opportunities in protecting grain and increasing profit for farmers,” said Charles Sukup, president of Sukup.
This acquisition will be of significant benefit to both Sukup Manufacturing Co. and DanCorn A/S, Sukup said.
Sukup is a continuously expanding company, growing over eight times since 2002. DanCorn has experienced tremendous success with the introduction of Sukup (American)-style grain drying and storage systems to Northern Europe, where this style is now considered the norm.
DanCorn said it is looking to expand and develop its customer base, and with the new ownership by Sukup, it will have a renewed focus on increasing market growth throughout Northern Europe.
This strategically complementary combination will add a platform for growth for Sukup, the company said. Hans Hansen, former DanCorn chief executive officer (CEO), will continue as a member on the board, while DanCorn’s current CEO, Jens Munk Jensen will continue as CEO of the newly acquired DanCorn.