ACS Group, a plastics processing business backed by St. Louis-based private equity firm, Harbour Group, acquired Walton/Stout, Inc., a Lithonia, Ga.-based material handling, blending, crystallizing and drying application business. Terms of the transaction were not disclosed.
ACS Group, a Harbour Group company, acquired Walton/Stout, Inc., Jeff Fox, Harbour Group’s chief executive officer, announced. Terms of the transaction were not disclosed.
Walton/Stout, of Lithonia, Ga., has been in business for more than 40 years, solving material handling, blending, crystallizing and drying applications for customers in a wide range of industries. The company produces a broad line of large drying systems and crystallizers, both electric and gas-fired, which are complementary to ACS Group’s current product offerings.
“Walton/Stout’s products are an excellent fit with ACS’s current product line and will enable our customers to satisfy virtually all of their auxiliary equipment needs through a single source,” Mr. Fox said. “We are pleased to add such a strong brand to ACS Group’s already powerful offering.”
He added, “This is an excellent example of two themes that have contributed to Harbour Group’s success for the past 33 years: We are always searching for ways to support the growth of our companies through strategic acquisitions, and we are willing to be creative and work very quickly for the right opportunity.”
Tom Breslin, president of Schaumburg, Ill.-based ACS Group, said, “Products including temperature control, process cooling and size reduction will now be more readily available to all existing Walton/Stout customers through a single source. The addition of the Walton/Stout product line enhances our capabilities for the plastics compounding and recycling industries with a complete systems offering. ACS Group will continue to support all Walton/Stout equipment in operation through our Parts and Service group. Existing customers can contact our Parts and Service group through the Walton/Stout phone number and website, or our central ACS Customer Service group at 800.423.3183.”
The ACS Group designs, manufactures, markets and supports one of the most comprehensive lines of auxiliary products for the plastics processing industry. Formed through a series of acquisitions, the ACS Group maintains an expansive product line, which includes size reduction equipment (granulators and shredders), material conveying equipment, metering and blending devices, heat exchangers (mold temperature controls units and chillers), drying systems, presses, and robots. These products are marketed under such recognizable brand names as AEC, Sterling, Sterlco, Sterltech, Ball & Jewell, Cumberland Engineering, Colortronic, Economizer, Wabash and Carver.
Harbour Group is a privately owned company based in St. Louis, Missouri with additional offices in Shanghai, China and Bangalore, India. Harbour Group and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products, including decorative kitchen and bath hardware, specialty LED systems, linear actuators and switches, automotive-enthusiast products, lubricating systems and equipment, abrasives, diamond cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 162 companies in 34 different industries.