Stellar Industries Inc., a manufacturer of service vehicles, cranes and hooklift hoists, announced the asset purchase of MD Products and Solutions (MDPS), a leader in agricultural and utility-focused trailer products, along with its current facilities located at 2421 15th Street SW, Mason City, Iowa.
Stellar has retained the employees of Mason City, and the company will add more to meet growth objectives. The Mason City facilities will continue to manufacture current products such as Stud King header trailers and Roose utility construction trailers. Additionally, Stellar Management is developing plans to utilize the increased space for the rapidly growing production demand of existing Stellar-branded products. For example, immediate plans will consolidate American Eagle utility construction trailer production into the 270,000 sq.-ft. facilities.
"We have grown tremendously over the past several years and need additional production capacity to meet current and future demand," said David W. Zrostlik, president of Stellar Industries.
"The people, facilities and products of the Mason City facility will be valuable assets as we continue to expand. The Stellar team has made incredible strides in productivity over the past few years. We are excited to see what our powerful team can do with this encouraging acquisition."
For more information, visit www.stellarindustries.com.
This story also appears on Truck and Trailer Guide.
