Sheffield, IA — Sukup Manufacturing Co. is acquiring certain assets of Global Fabrication, Inc., a full service fabrication facility located in Hampton, Iowa.
This expansion will allow Sukup to double its manufacturing capacity for catwalks, towers, and other structural products while maintaining a commitment to employment in North Central Iowa.
The existing facility is approximately 70,000-square feet. Sukup is currently accepting applications for immediate hires at this location, and plans to have the facility fully operational by April 2021.
Steve Sukup, president and CEO of Sukup Manufacturing, said, “This is the second facility expansion Sukup has announced in 2021, and we believe this investment in our manufacturing facilities is a positive sign of continued growth as a company.
Ultimately, our goal is to create products that help farmers feed and fuel the world, and this additional space and personnel is necessary to meet demand.
One of our top priorities in this acquisition is to retain many of Global Fab’s current employees. We look forward to a smooth transition, and adding manufacturing capacity for our material handling products.”
“Sukup is a trusted employer in North Central Iowa,” said Todd Hall of Global Fabrication.
“We appreciate Steve Sukup's leadership through this process, and are confident the employee transition will go smoothly.
"It's great to know that Global Fab will be part of Sukup's positive impact on the agriculture industry moving forward."
NCP, Inc., acting as exclusive financial advisor, and BrownWinick, acting as legal counsel, advised Sukup on the transaction.