MN100: Superior-Lidgerwood-Mundy Corporation
The Superior-Lidgerwood-Mundy Corporation (SLM) is the result of the combining of three companies who were engaged in similar activities. Over time, Lidgerwood purchased the Superior Iron Works of Superior, Wisconsin and Mundy Hoisting of Newark, NJ. Now all manufacturing and administrative activities of Superior-Lidgerwood-Mundy are accomplished at Superior, Wisconsin, which has over 65,000 sq ft of manufacturing and warehouse space. Today, SLM has evolved into a highly diversified small business engaged in the manufacture of hoists…
Northstar Electronics Finalises Echotec Takeover
Northstar Electronics, Inc is announcing today that they have completed the acquisition of Echotec Sonar, which is now a wholly owned subsidiary of the company. Terms of the deal fall in line with previous announcements and will be fully disclosed in regulatory filings. With Echotec now being the cornerstone entity of Northstar Electronics, the company plans to aggressively develop sonar systems needed by the defense, Homeland Security, commercial shipping, cruise ship and commercial fishing sectors. As well, Echotec will pursue contract opportunities to design, develop and build systems for particular projects in North America and internationally. Northstar will now be seeking new partners for joint developments, projects and for funding.
New Acquisition Keeps Marine Travelift In Sturgeon Bay
On Monday, July 21, the Marine Travelift family of companies, international leaders in the production and sales of marine and industrial lifting products, was purchased by Jim Ashton and Stephan Pfeifer. Though the business has changed hands, the owners desire to keep Marine Travelift in Sturgeon Bay. Pfeifer plans to establish residency in Sturgeon Bay and will be the president and CEO of the business. Ashton will reside in Dallas and visit Marine Travelift on a monthly basis. He will be the chairman of the business and will monitor its strategic and long-term growth. The previous owners, brothers Gerald and Allan Lamer, searched for prospective owners that had qualitative requirements in addition to quantitative requirements to continue to grow their business.
