The arrangement provides growth opportunities for both companies’ products while aiding Hilltip’s expansion in the North American market, according to Hilltip's news release.
The acquisition of Industrial Metal Products will allow Hilltip to manufacture its products in North America using the company’s Fort Wayne facility.
Hilltip said it will establish staff resources and a customer service team to better serve dealers and customers in the U.S. and Canada.
“We are now able to manufacture all of our products in the United States and distribute throughout North America,” said Craig Sandmann, managing director of Hilltip, Inc. North America. “This includes our complete line of spreaders, sprayers, and brooms, as well as established Hilltip products lines we have yet to offer domestically.”
Industrial Metal Products will continue production and development of its existing product line as a separate division of Hilltip, and it will still carry the Industrial Truck Beds brand name, according to the news release.
“With 20 years of experience in the truck equipment industry, Industrial Metal Products has a lot of brand equity,” said Sandmann. “We anticipate growing the Industrial Metal Products brand and business while expanding Hilltip’s North American footprint with our innovative winter maintenance technologies. The synergies between our management teams and dealer networks provide tremendous opportunities for both product lines. It’s an exciting development for our employees, dealers, and customers.”