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Sukup to Acquire SBC Building Systems
Sukup Manufacturing Co. is expanding its building product line with the acquisition of Pennsylvania-based SBC Building Systems.
Sukup started out with a grain stirring machine in 1963 but has since expanded into grain bins, dryers, material handling equipment, and preengineered metal buildings. It was only in 2011 that Sukup entered the steel building arena with Sukup Steel Buildings, but the company has sold over 350 buildings since that time.
"It will be a great way for us to expand our steel buildings line and there are 100 or so people in Ambridge (Pennsylvania) who will get to keep their jobs," says Logan Bahler of Sukup.
SBC is capable of creating and shipping up to 600 tons of complete steel buildings per week. The company has a presence in Mexico and Canada, plus a strong pull on the East Coast where SBC is headquartered. Both of those factors will help Sukup Steel Structures expand its presence in the steel building market.
“Their philosophy of using great people and the most advanced manufacturing equipment to produce the highest quality products aligns perfectly with ours,” says Steve Sukup, Sukup vice president and CFO. “This, along with their commitment to great customer service, is what made it clear that they would be a good fit for us.”
The manufacturing capabilities and accreditations that come with Sukup’s acquisition of SBC should advance Sukup Steel Structures’ production capabilities.
As of March 31, family-owned Sukup, based in Sheffield, Iowa, has signed an agreement to acquire the assets of SBC. Sukup's anticipated closing date is April 14.