Stone Canyon Industries Holdings LLC’s SCI Rail Holdings LLC has — through its subsidiary, A. Stucki Company in Moon, Pennsylvania — has acquired Salco Products Inc. The acquisition of Salco, which is based in a Chicago suburb, broadens SCI Rail’s freight car product offering and expands its customer reach.
The terms of the transaction were not disclosed.
Salco supplies 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 also provides of certain corrosive resistant parts for plant processing equipment.
Under the continued leadership of Salco’s management team, the company will continue to operate out of its facilities in Lemont, Illinois, and Houston, Texas, and keep operating under the Salco name.
A. Stucki Co.’s CEO Bill Kiefer 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.”
Los Angeles-headquartered Stone Canyon Industries Holdings is a global industrial holding company designed to acquire and operate companies for the long term. 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.