Continuing Our Growth Initiative with a Strategic Acquisition
Stellar Industries, Inc., a leading manufacturer of service vehicles, cranes, and hooklift hoists, is excited to announce the asset purchase of MD Products and Solutions (MDPS), a leader in agricultural and utility-focused trailer products, along with their current facilities located at 2421 15th Street SW, Mason City, IA.
Stellar has retained the employees of Mason City, and the company will add more to meet growth objectives. The Mason City facilities will continue to manufacture current products such as Stud King header trailers and Roose utility construction trailers. Additionally, Stellar Management is developing plans to utilize the increased space for the rapidly growing production demand of existing Stellar-branded products. For example, immediate plans will consolidate American Eagle Utility Construction Trailer production into the 270,000 square-foot facilities.
“We have grown tremendously over the past several years and need additional production capacity to meet current and future demand,” said David W. Zrostlik, President of Stellar Industries. “The people, facilities, and products of the Mason City facility will be valuable assets as we continue to expand. The Stellar team has made incredible strides in productivity over the past few years. We are excited to see what our powerful team can do with this encouraging acquisition.”
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Stellar Industries, Inc. was founded in 1990 in Garner, Iowa. It is an employee-owned and operated manufacturer of hydraulic truck-mounted equipment. Products include hooklift hoists, cable hoists, container carriers, telescopic cranes, articulating cranes, and work truck accessories. Stellar also offers complete mechanic service truck and tire service truck packages. Stellar is a progressive company that focuses on its people, as they are the key to making the products and the company successful.
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