Acquisition of California-based producer creates national reach for leading rack systems manufacturing company
July 14, 2009 - Excel Storage Products LP, one of the largest rack systems manufacturers in the United States, continues its growth strategy with the acquisition of the assets of Lodi Metal Tech of Lodi, Calif.
Acquiring Lodi gives Excel the most extensive service network in the industry and enables the company to better serve customers with more competitive product offerings.
The acquisition is part of Excel Storage Products’ strategy to become the market leader in rack systems manufacturing.
With the acquisition of Lodi Metal Tech and the 2007 acquisition of Prest Rack in Brookings, SD, Excel Storage Products’ rack systems manufacturing capacity for retail and industrial customers has doubled. And despite current economic conditions, the company has aggressively recruited and hired industry experts in operations, engineering, estimating, sales, project management and customer service since the beginning of the year.
“Lodi fits perfectly with our business, meeting our standards for delivering high-quality rack systems and exceptional customer service,” said Mike Albers, President and CEO of Excel Storage Products. “With the facility in California and our other plants in Pennsylvania and South Dakota, we now have the national reach that will accommodate all of our customers’ rack systems manufacturing needs. And within a matter of months, we’ll have completely integrated product and service offerings at all of these locations.”
“The acquisition is a win-win situation for both rack manufacturing companies. We bring Lodi greater size, scope and resources, and they provide us with easier access to the West Coast market,” said Albers.
To accommodate the increased capacity at the Lodi facility, it is expected that 20 to 40 employees will be added.
Financial details of the acquisition have not been disclosed.
Excel Storage Products, LP is a leading manufacturer of a full line of structural and roll-formed designed rack systems and components, and structural mezzanine systems for retail, industrial, and distribution applications. Its manufacturing facilities in Pennsylvania, South Dakota and California serve customers across the United States with fully compatible rack systems. With 41 years of experience in the manufacturing of rack systems, Excel Storage Products is well positioned to deliver cost-effective designs, products and freight advantages.
Please contact Mike Albers, President & CEO malbers @ esprack.com with any questions or comments.