Builtrite Holdings, LLC acquired Lemco Hydraulics on October 12. Lemco, founded in 1967 by Dean Christensen, has served its long-term customer base for 51 years. Dean’s son, Bruce Christensen, assumed ownership of the company in 1982 and will continue to serve as Lemco’s president.
Lemco, located in Hill City, Minn., designs and produces families of Truck Mount and Stationary Material Handlers, in addition to a full suite of Material Handling Attachments. Lemco products are known in a broad array of market niches the company serves, including forestry and logging, saw mills, municipalities, utilities, solid waste and material recycling and mining. Lemco will join with Builtrite Manufacturing, located in Two Harbors, Minn., to expand sales.
Bill Van Sant, executive chairman and CEO of Builtrite Holdings, noted that the combination of the two brands will ensure that customers across a broad spectrum of markets will have access to a full suite of products. Further, the new entity will leverage its integrated and long-established channels-to-markets to ensure both existing and new customers will have an alternative for purchasing advanced material handling products, he added.
Going forward, Builtrite Manufacturing noted it plans to increase and allocate manufacturing capacity at its Two Harbors factory in order to produce both Lemco and Builtrite products. The increase in manufacturing capacity will fulfill an expected growth in revenues as the new Lemco-Builtrite Alliance gains traction and market share.
Lemco Hydraulics becomes the third member of an alliance of companies being formed by Builtrite Holdings, LLC. The alliance, founded in April 2015, now includes three brands and long-standing companies: Builtrite Manufacturing, SAS Forks and Lemco Hydraulics.