Sukup Manufacturing is buying a 'respected competitor'
Sukup Manufacturing Co., the maker of iconic grain bins in northern Iowa, announced Thursday it’s buying the assets of a fabrication company, a move that expands the Sheffield business’ production capabilities.
The company is buying Global Fabrication, which makes catwalks, towers and other structural products that go on grain bins and storage facilities. The purchase will double its manufacturing capacity for those products, Sukup officials said.
Global Fabrication operates in a 70,000-square-foot facility in Hampton, Iowa.
The companies did not disclose the purchase price.
Sukup, a family-owned company that makes grain bins, drying systems, handling equipment and steel buildings, said it plans to retain as many of the 40 employees who work for Global Fabrication as possible.
CEO Steve Sukup said Global Fabrication is a “respected competitor” and its purchase will enable the company to meet growing demand.
Sukup is currently hiring about 60 workers across its three production locations — Sheffield, Hampton and Manly. Steve Sukup said the company recently purchased a 30,000-square-foot building across the street from Global Fabrication.
Sukup Manufacturing currently employs about 600 people. Hampton is about 20 miles south of the Sheffield headquarters; Manly is about 40 miles north.