Strategic Acquisition For Nelson
Continuing its evolution as global supplier of tubular and exhaust products for commercial vehicle markets, Nelson Global Products Inc. has acquired Water Works Manufacturing and its two subsidiaries, Cambridge Metals and Plastics (CMP) and Interlaken Technology Corp. (ITC). All three companies are in Minnesota and acquisition is effective immediately, Nelson said. Terms of the acquisition were not disclosed.
Founded in December 2003, Water Works provides advanced metal forming solutions that it supplies to the power sports and infrastructure related industries.
“This acquisition is a very exciting opportunity for us,” said Tom Gosnell, CEO of Nelson. “Water Works provides a significant opportunity for us to expand our addressable end markets, our manufacturing processes and our product offering, as we better meet the expectations of our growing number of customers.
“We are especially enthusiastic about the advanced metal forming capability which Water Works brings to the Nelson Global Products family.”
Water Works will continue to operate under current President and CEO Jim Shear and his management team. The 250 employees at Water Works will maintain their positions with the respective companies. A new 33,000 sq. ft. addition is currently underway at the main manufacturing facility in Cambridge, Minn.
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