SCI Rail Holdings Acquires Salco Products
February 4, 2020
LOS ANGELES, February 3, 2020 -- Stone Canyon Industries Holdings LLC ("SCIH") today announced that its SCI Rail Holdings LLC (“SCI Rail”) has (through its subsidiary, A. Stucki Company) acquired Salco Products, Inc. (“Salco” or the “Company”). Salco is the largest supplier of circular hatch covers to the North American freight car industry along with valves for tank cars and metal- and plastic-based components used in various types of hopper cars, tank cars and over-the-road trailers. Salco is also a leading provider of certain corrosive resistant parts for plant processing equipment. The operations of Salco will remain unchanged and will operate under the Salco name.
Terms of the transaction were not disclosed.
The acquisition of Salco broadens SCI Rail’s freight car product offering and expands its customer reach with blue chip commodity shippers who have trusted and specified Salco’s componentry since its inception in 1983. Bill Kiefer, A. Stucki Company’s CEO, stated: “Our team is excited to welcome Salco, its loyal customers and its employees into the Stucki family. We’re pleased that Dave Oestermeyer will continue as President of Salco into the future. Dave’s industry experience, relationships and leadership will be invaluable to the business going forward. This along with Salco’s brand name and record of strong product performance is key to the acquisition and to the ongoing success and growth of the business”.
Under the continued leadership of Salco’s management team, the Company will continue to operate out of its facilities in Lemont, IL and Houston, TX and maintain its commitment to excellent customer service and same day shipping & delivery.
About Stone Canyon Industries Holdings
Stone Canyon Industries Holdings ("SCIH") is a global industrial holding company designed to "buy, build and hold" for the long term, with a strategy focused on acquiring and operating market leading companies in essential industries. SCIH companies operate in essential industries that provide mission-critical products and services to customers around the world. SCIH seeks to build out industrial verticals in stable and mature industries that possess favorable economic dynamics with high barriers to entry; a fragmented industry poised to create or strengthen a market leader through consolidation; and an opportunity to build a substantial company that will make a difference. For more information, please visit www.scihinc.com.
SOURCE Stone Canyon Industries Holdings LLC