Acquisition allows both companies to offer diverse product manufacturing capabilities.Wauconda, IL - August 24, 2022 - Mechanical Power, a supplier of bearings, sprockets, chains, and related industrial products based in Wauconda, IL, has acquired Clark Engineering, custom rod, wire, and tube products manufacturing company.
The official announcement was made on August 9th, 2022. The move to acquire Clark Engineering first started in April 2022 as the prior ownership of Clark was shopping the business to move on to the next chapter in their lives with MPI in aggressive growth mode. The process took five months and the deal was signed on August 9=10, 2022.
According to Brent LaLonde, President of Mechanical Power, “MPI’s acquisition of Clark Engineering is exciting for several reasons. MPI has successfully driven organic growth in its business over the last three years. Part of our near and long-term growth strategies was acquisition.
We thoroughly evaluated many companies over the last 2-3 years and Clark Engineering by far was the best fit. Clark gives us internal manufacturing capability stateside and the ability to replicate with Clark what we have done organizationally and culturally at MPI in recent years.
We aim to take a great foundation in terms of people, process and capability and make it bigger and better. The two-way relevance between our two companies relative to industries and client bases is extremely high.”
The acquisition of Clark Engineering fits into Mechanical Powers’ strategy to combine the power of Domestic Manufacturing with Global Sourcing capabilities of Mechanical Power, Inc.
About Clark Engineering
Since 1946, Clark Engineering has been operating under this simple philosophy to provide their customers with world class quality, custom manufactured rod, wire forming, and tube products, along with on time delivery and competitive pricing.
Media Contact
Company Name: Mechanical Power
Contact Person: Daniel Szwed, Marketing Manager
Email: Send Email
Phone: 847.487.0070
Country: United States
Website: https://www.mechanicalpower.net/
