Stellar Industries, a manufacturer of service vehicles, cranes, and hooklift hoists, has acquired the assets of MD Products and Solutions, a provider of agricultural and utility-focused trailer products, as well as its facilities in Mason City, Iowa.
Stellar has retained the employees of the Mason City facility, and the company will add more to meet growth objectives.
“We have grown tremendously over the past several years and need additional production capacity to meet current and future demand,” said David Zrostlik, president of Stellar Industries. “We are excited to see what our powerful team can do with this encouraging acquisition.”
Stellar Industries is based in Garner, Iowa. It is employee-owned and manufactures hydraulic truck-mounted equipment.
Source: RER Magazine