GB Manufacturing Company Completes Acquisition of Par-Kan Company
Delta, Ohio/Silver Lake, Indiana - January 1, 2016 - GB Manufacturing Company is pleased to announce its acquisition of all of the assets of Par-Kan Company, a leading manufacturer and marketer of agricultural grain and seed handling equipment, towable airport ground support equipment and refuse handling equipment. Par-Kan's roots date back almost 60 years to S.L. Parker's opening of a metal fabrication business to satisfy the equipment needs of his farmer neighbors. Over the decades since, the Company has developed innovative products for the agriculture and other markets by following the simple vision of its founder: to constantly strive to satisfy the customers' requirements, by providing quality, value and performance. Son of S.L. and current owner, Steve Parker, said: 'I am confident that the folks at GB will carry on the traditions long established by the company.'
GB found that focus to be aligned with its own strategy of offering unique solutions to its global OE customers. 'GB will bring its world class manufacturing expertise along with engineering and financial resources to build upon Par-Kan's great reputation for offering quality products' said Nelson Reyes, CEO of GB. 'We will provide additional support to Par-Kan's existing management team as they work to expand their product offerings. The acquisition also represents an important step in our strategy to further diversify our customer and market base and our manufacturing and product capabilities.'
About GB Manufacturing Company: GB is a major contract manufacturer serving multi-national automotive, commercial vehicle and industrial customers. It has manufacturing facilities in Delta, Shiloh, and Shelby, Ohio, as well as strategic partnerships in China and Mexico.
The Par-Kan Company, LLC history dates back to 1958, when S.L. Parker started a metal fabricating business known as Parker Industries. Today, Par-Kan Company, LLC continues to thrive by implementing the company mission statement started by S.L. Parker some 35 years ago, 'To provide our customers with quality products, when they need them and at a fair price.' In the mid 1960's Parker Industries, serving the agriculture market, was joined by the founder's son, Stephen ('Steve') Parker. In the late 1960's, Parker Industries, using their welding technology and engineering skills, began manufacturing refuse containers under the trade name of 'Par-Kan'.
Parker Industries was sold in 1973 and again in 1985. For a brief period of time in October of 1990 Parker Industries closed operations. However, on November 1, 1990 Stephen Parker, along with a small group of investors, re-opened for business under the name of Par-Kan Company, LLC. The plan of new management was to continue the manufacturing of Par-Kan Refuse Equipment, along with the intentions of expanding the company into new markets. In 1992 the Ground Support Equipment division, consisting of equipment to aid the aircraft industry, and a line of Grease Handling Equipment, for the storing of restaurant grease, was added to the company's product line. In 1996 Par-Kan Company, LLC added its newest product line, the Grain-Weigh division, which supplies weigh carts for the agriculture industry.
Today, Par-Kan Company, LLC continues to thrive by following the founder's motto to constantly strive to satisfy the customers' requirements, by providing quality, value and performance in which they can trust and depend.