Bolder Industries Acquires New Facility to Meet Customer Demand
Bolder Industries, Inc., the pioneer of advanced sustainable chemical manufacturing…
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Dec 8, 2021
PLYMOUTH, Mich.,ÌýDec. 1, 2021Ìý/PRNewswire/ — Loc PerformanceÌý(“Loc”) completed the acquisition ofÌýContinental’sÌýSt. Marys, OhioÌýfacility onÌýDec 1, 2021. TheÌýSt. MarysÌýfacility manufactures rubber track products for agricultural, construction, and defense industries. Established in 1940, the 800,000+ square foot facility sits on 108 acres and employs approximately 450 highly skilled employees.
Since 2014, Loc has been providing track systems to its military customers to support the U.S. Army’s portfolio of ground combat vehicle systems.ÌýWith the acquisition ofÌýSt. Marys, Loc can now offer its military customers continuous and band track solutions.ÌýThe key acquisition also expands Loc’s manufacturing capabilities by bringing rubber application processes in-house. The combined business can now offer vertically integrated track production capabilities to its customers.
“This acquisition fits like a glove with Loc, bringing more of the military track manufacturing capacity under U.S. ownership,” saidÌýLou Burr, CEO,ÌýLoc Performance. “We look forward to the continued development of next generation track systems for both our military and commercial customers.”
In addition to expanding Loc’s in-house capabilities and creating a vertically-integrated, one-stop shop to the military, this acquisition also expands Loc’s commercial portfolio to include the leading Trackman® brand. Trackman products are installed on off-highway vehicles and highly-engineered undercarriage suspension systems for construction and agricultural vehicles.
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