Announcements and Milestones
From, for and About PEI Members
HIGHLAND TANK purchased certain assets of Clawson
Tank Co. and Steel Tank
and Fabrication Inc.,
effective Jan. 2, the company announced.
Highland Tank will continue manufacturing tank products in Clarkston and Mancelona, Michigan. Both Highland
Tank and Clawson Tank Co. began operations in 1946 and
have a long history in the steel tank manufacturing business.
Highland Tank stated in a news release that expanding its
manufacturing facilities into Michigan is a natural, strategic
expansion. The acquisition gives the company a total of eight
Dover to Acquire Belanger
Dover entered an agreement to acquire Belanger Inc., a
full-line car wash equipment manufacturer, Dover announced.
After the transaction closes, Belanger will become part of
OPW, a global ;uid handling solutions unit in Dover’s ;uids
“We look forward to welcoming the talented team from
Belanger,” said Richard J. Tobin, president and CEO of
Dover. “When combined with our PDQ business, one of
our OPW brands, we will be able to offer customers a full
breadth of products.”
Headquartered in Northville, Michigan, and employing
more than 150 people in the U.S., Belanger has served the
car wash industry for nearly 50 years. The company, known
for its engineering and reliability, generated some $55
million in 2018 sales.
The addition of Belanger strengthens OPW’s position as
one of the largest car wash equipment and systems suppliers
with brands in conveyor tunnel and in-bay automatic segments, as well as large vehicle wash solutions.
Dover expects the acquisition to achieve double-digit return on capital in three years, consistent with Dover’s M&A
criteria. Terms of the transaction were not disclosed. The
transaction is subject to regulatory approvals and is expected
to close in early 2019.