Duke Manufacturing Announces Acquisition Of SteelKor, LLC

St. Louis – St. Louis based Duke Manufacturing Co. announced the asset acquisition of SteelKor, LLC and its wholly owned subsidiary, St. Louis Stainless Services, Incorporated. The company is a St. Louis based manufacturer of food service equipment, most notably the X-Stream® power wash system and X-Green® produce safety system. The deal was finalized on November 1, 2010.

“Duke has enjoyed over 10 years of significant organic growth”, said Dave Marvel, COO with Duke Manufacturing, “and is well positioned to add new capabilities and expand our product offerings through strategic acquisitions.”

Duke will continue to manufacture SteelKor’s complete product line under the Duke name. Over the next several months, SteelKor’s manufacturing, sales and support staff will be transitioned to Duke’s plant and corporate headquarters in downtown St. Louis.

“Our acquisition by Duke will provide us with a unique opportunity to leverage the significant sales, marketing, manufacturing and customer service support Duke has to offer to significantly expand our current market share”, said Jim Bigott, President of SteelKor, LLC.

“SteelKor’s products provide Duke an outstanding opportunity to expand its core product offerings into the emerging market of food safety, while leveraging the integrated solutions and advanced engineering that has made Duke the most trusted solutions partner in the foodservice industry” says Jack Hake, CEO of Duke Manufacturing.

About Duke Manufacturing
Duke Manufacturing is an industry leader in the design and manufacture of equipment solutions for the food-service industry, including major restaurant chains and dining facilities for schools and other institutions. Founded in 1925, the company is based in St. Louis, Mo., with two U.S. manufacturing facilities and distribution and service centers in Europe, Latin America and Asia. A recipient of the 2009 Energy Champion Award from the U.S. Department of Energy, the company’s research and development is focused on creating cost-saving and eco-friendly technologies that save resources while delivering the highest quality food for the ultimate consumer.

For more information: www.dukemfg.com.

Source:
http://www.1888pressrelease.com/duke-manufacturing-announces-acquisition-of-steelkor-llc-pr-253611.html

BOLA TANGKAS

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