George Koch Sons Acquires Walgren
Posted on Monday, June 8, 2015
George Koch Sons, LLC has acquired Walgren Company, a Grand Rapids, Mich.-based company that provides turnkey anodizing and plating systems to the aerospace, military, industrial, and automotive industries around the world. The systems are used to automate material flow during surface treatments such as plating, cleaning or chemical processing of manufactured parts. Walgren will become part of George Koch Sons and will continue to serve its growing customer base from Grand Rapids and Dongguan, China. Walgren will join Price-Koch Industries as divisions of George Koch Sons.
“The addition of Walgren is another opportunity to increase service to our customers with the best integrated solutions. Our combined systems play a critical role in providing industry leading manufacturers the solutions necessary to remain competitive by reducing factory costs through automation, material optimization and efficient labor allocation,” says Chris Brack, George Koch Sons’ president. “The addition of the Walgren team, in particular their domain expertise in anodizing lines, deepens our solution offering as we continue to invest in capabilities in finishing systems. Construction is currently underway on a world-class manufacturing facility in Grand Rapids, and we look forward to adding the expertise of the Walgren team to our operations.”
“The opportunity to team up with an organization like George Koch Sons will allow us to better serve our customers. Our customer’s needs have become greater and more complex and they often look for one key partner when making significant system investments.” said Craig Stevens, Walgren president. “We are confident that together with the George Koch Sons, we can better provide the breadth of systems to assist manufacturers in managing their complex production programs.”
Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and expected to close at the end of the month. John Hennessey of NextGen Capital Markets acted as financial advisor for Koch. For any questions, please contact David Carl of George Koch Sons. Learn more about Walgren and George Koch Sons at www.walgren.com and www.kochllc.com.