Mexican Furnace Maker Expands Through U.S. Acquisition
11/10/2017 - Industrial furnace manufacturer Nutec Bickley has acquired the key assets of U.S.-based Olson Industries for an undisclosed amount.
Located in Burgettstown, Pa., USA.,Olson Industries makes industrial furnace and process heat-treating equipment.
"This major move will see Nutec Bickley complement its existing product range to offer more complete packages for the steel, aluminum and alloy industries," the company said in a statement.
"As with the previous acquisitions of Bickley, GFC Kilns and Dragon Kilns, bringing the Olson Industries’ line of equipment on board will enable the metals business unit to consolidate its position in the North American market and, at the same time, secure access to larger projects," it said.
The company said that Olson owner and president Bryan Kraus will join Nutec Bickley’s metals division and assist in technical sales and engineering.
“We are very excited about Olson Industries and Bryan Kraus joining the Nutec Bickley family,” said Nutec Bickley president Daniel Llaguno. “Olson’s name and proven technology for the forging and heat treating of steel and alloys will perfectly complement our current range of products. We aim to make great strides as a result of this acquisition."
Based in Mexico, Nutec Bickley is part of Nutec Group.