Hilltip buys truck bed firm
By Adam FreillConstruction Equipment Roads Trucks
Road maintenance equipment manufacturer has purchased Industrial Metal Products, a maker of truck beds and other metal products.
Hilltip is expanding its footprint in North America with the acquisition of the assets of Industrial Metal Products (IMP). Hilltip, a manufacturer of snowplows, spreaders, de-icing sprayers, sweepers and other road maintenance equipment, says the addition of the Indiana-based manufacturer of truck beds and other metal products will provide growth opportunities for both companies’ products.
Hilltip will manufacture products in North America at the IMP facilities in Fort Wayne, Ind., which the company says will immediately get an expansion to increase production and storage capacity. In addition to gaining logistical benefits from production at the Indiana location, Hilltip will also establish staff resources and a customer service team to better serve dealers and customers in Canada and the U.S.
“We are now able to manufacture all our industry leading products in the United States and distribute throughout North America,” said Craig Sandmann, managing director of Hilltip 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 will still carry the Industrial Truck Beds brand name.
“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.”