Acquisition Announcement: RELCO Acquires Stoelting Process Solutions, a Division of Vollrath
Quazar Capital Corporation announces that their client, RELCO, LLC, has acquired Stoelting Process Solutions, a division of The Vollrath Company, LLC.
RELCO, established in 1982, designs, manufactures and installs high quality stainless steel equipment. The company's core business is dairy processing equipment. RELCO also serves the food and pharmaceutical industries. RELCO, which serves customers globally, is headquartered in Willmar, Minnesota, and has a sales and manufacturing shop in Drachten, The Netherlands, and a sales office in Auckland, New Zealand.
Stoelting, located in Kiel, Wisconsin, was founded in 1905. The company designs and manufactures a full line of USDA approved cheese making equipment. Its product line integrates directly with RELCO's existing cheese plant products, which include milk receiving and storage, pasteurizing/standardization, cheese plant automation, and whey processing systems.
As a strategic purchase for RELCO, Loren Corle, President, stated, “This acquisition allows us to expand our offering of equipment to the cheese processing industry, providing a total turnkey package from milk receiving through whey processing including automation and installation.”
The Stoelting brand name will be retained and sold globally. Key Stoelting design, engineering, sales, and service employees have been retained by RELCO. Manufacturing will continue at the Kiel location for a period of up to six months, at which time the operation will be moved to RELCO's Willmar facility.
No further details are available.
Quazar Capital Corporation is a private Investment Banking Firm specializing in merger and acquisition (M&A) services including: Sell-Side Advisory -- Business Planning & Exit Planning -- Growth Planning & Buy-Side Advisory -- Financing & Debt Placement