Millerbernd Manufacturing Company Acquires Airport Can Product Line from Olson Industries
WINSTED, Minn. (December 16, 2016) – Millerbernd Manufacturing Company, a leading fabricator of custom structural lighting products and rolled rings and cylinders, has announced it has agreed to acquire the airport lighting can product line from Olson Industries of Atkinson, Nebraska. The product acquisition allows Millerbernd to expand its current structural lighting offerings with the addition of this premier airport lighting can product line.
“We’re excited about the opportunity to apply our passion for manufacturing excellence to the airport lighting can product line which Olson Industries developed to better serve our nation’s airport runways,” said Trevor Millerbernd, president and chief executive officer of Millerbernd Manufacturing. “The product line complements our current structural lighting offerings, and we are looking forward to serving the airport lighting industry with outstanding service and value.”
The Olson Industries airport lighting can is Federal Aviation Administration (FAA)-approved for use in all projects and all installations. Over the course of four to six months, manufacturing will transition from Atkinson to Millerbernd Manufacturing headquarters in Winsted, Minnesota.
We are handing off the airport line to a trusted, very good manufacturer and wish them all the best,” added Ted Olson, Jr. of Olson Industries. The purchase does not include Olson Industries’ center pivot irrigation, metal trash container, custom machining, and other product lines, which will continue to be produced in Atkinson.
John Gustafson of CFO Capital in Omaha, Nebraska served as the exclusive financial advisor to Olson Industries in the transaction.