Key Takeaways
- Sukup Manufacturing Co. acquires Ramco Innovations, a leading Midwest automation distributor.
- The new entity, Sukup Innovations, will oversee Ramco Innovations and Sukup’s AgTech offerings.
- This acquisition aims to enhance customer experiences and drive innovation in the industrial sector.
- Ramco Innovations will retain its name, operations, and locations, continuing its growth in the Midwest.
- The partnership signifies a significant milestone in advancing agricultural and industrial automation solutions.
Sukup Manufacturing Co., a leader in grain storage, drying, and handling solutions, has recently announced its strategic acquisition of Ramco Innovations, a top automation distributor in the Midwest. This acquisition marks a significant development in the agricultural technology (AgTech) and industrial automation sectors.
Formation of Sukup Innovations
The acquisition led to a new entity, Sukup Innovations, overseeing both Ramco Innovations and Sukup’s AgTech offerings. Ramco Innovations will maintain its name, operations, and presence in its current locations, ensuring continuity in its services and customer commitments.
Enhanced Collaboration and Innovation
This strategic partnership combines Sukup’s reputation for quality and reliability in grain storage solutions with Ramco’s in-depth expertise in automation technologies. According to Steve Sukup, President of Sukup Manufacturing Co., this collaboration is set to drive innovation and elevate customer experiences in the industrial sector.
Leadership and Vision
The leadership team for Sukup Innovations will include key figures from both companies. Hank Norem, CEO of Ramco, will serve as the Chief Innovation Officer of Sukup Innovations and join the Sukup Executive Team. This leadership structure is poised to leverage the strengths of both organizations to provide high-tech solutions tailored to client’s unique needs in agriculture and various industrial sectors.
Impact on Manufacturing and Agriculture
Emily Schmitt, Sukup’s CAO, emphasizes the acquisition’s potential to enhance corporate capabilities, particularly in advanced manufacturing and farm automation. Matt Koch, Sukup’s CMO, also highlighted the opportunities this acquisition presents in realizing the full potential of Sukup’s products and bringing enterprise-level automation to farm operations.
Future Prospects and Commitments
Ramco Innovations will continue its growth trajectory as a value-added distributor throughout the Midwest. The company remains dedicated to delivering cutting-edge automation solutions and exceptional customer service. The partnership is seen as a transformative step, with Norem expressing excitement about the endless possibilities and opportunities to create solutions that drive their clients’ efficiency, productivity, and growth.
Image provided by Sukup
