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Kolene Corporation, a global leader in custom-designed and engineered molten salt bath equipment and specialty chemical formulations, announced the acquisition of Upton Industries in Roseville, Michigan. This will enable Kolene to expand into applications and revenue areas that have never been involved in history.
"Kolene is always looking for ways to increase revenue, whether it is through organic growth through our R&D work or through external acquisitions. When there is an opportunity to start discussions with Upton, the similarities between the two companies and our contribution to the industry The services provided by customers in China have made this marriage an ideal," said Roger L. Shoemaker, Chairman and CEO of Kolene. "As we move forward, as part of Kolene Corporation, we are proud to inherit Upton's strong brand and heritage."
Founded in 1937, Upton Industries is an expert in the design and manufacture of heat treatment systems for the metal heat treatment industry. Upton's engineering thermal solution approach makes the company a leader in the production line of traditional heat treatment equipment, including box type, undercarriage, lift type and special furnaces that use electric heating or gas systems. Kolene will retain the Detroit headquarters and Roseville location, the latter will be the location of all Kolene manufacturing and manufacturing. By merging the two companies, the new Kolene will have nearly 50,000 square feet of manufacturing, manufacturing and commercial processing capabilities.
Kolene President W. Scott Schilling said: "After a thorough evaluation of Upton's capabilities, it is clear that there are huge synergies between the two companies. Using these synergies will enable Kolene to expand to applications and revenues that we have never set foot in in our history. Field. Thanks to Upton’s manufacturing and manufacturing capabilities, Kolene will also have the ability to become more vertically integrated, which will allow us to strengthen our overall profit margins. The two companies are a match made in heaven."
Detroit-based Kolene Corporation has been established for 82 years, providing custom-designed and engineered equipment, specialized chemical formulations, and processes for cleaning and conditioning metal surfaces. Kolene products are used worldwide for casting cleaning, alloy rust removal, coating removal, engine reconstruction and other demanding automotive, industrial and military applications.
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