Second Brazilian Buy For Nelson Global Products
Nelson Global Products Inc., a global supplier of tube, acoustic and safety and structural products for commercial vehicle markets, has announced a second recent acquisition in Brazil. Nelson has purchased structural tube manufacturer of Araucaria, Brazil. Terms of the acquisition were not disclosed.
"We’re continuing to execute our strategic plan in South America and to expand our product offering,” stated Tom Gosnell, CEO of Nelson. "Our large multinational customer base will benefit from local availability regardless of where they produce commercial vehicles.”
With 184 employees, TuboPress produces structural tube assemblies such as steps, ladders and other components used by agricultural and construction equipment manufacturers, including Case New Holland, MGV Lifts and MAN Trucks. The company, founded in 2003, is centrally located with close proximity to major commercial vehicle manufacturers, Nelson Global said. Paulo Kunzel, previously the owner of TuboPress, will continue as general manager.
In May of 2013, Nelson Global acquired Envall, Rio Grande do Sul, Brazil, which makes hydraulic and structural tubes and hydraulic hoses.
“We continue to execute our growth plan through strategic acquisitions as we broaden the Nelson portfolio of products made in the South American market,” Sergio Carvalho, president of Nelson's On-Highway business unit. “We were impressed by TuboPress’ growth and its close relationships with key customers which are market leaders.”
TuboPress will also be the home of Nelson’s new exhaust product line in South America.
Nelson Global Products is a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago. The company’s operations include corporate offices in Stoughton, Wis., and manufacturing operations in Clinton, Tenn.; Fort Wayne, Ind.; Arcadia, Black River Falls and Viroqua, Wis.; Morton, Ill.; Cambridge, Minn.; and international operations in Scoresby, Australia; Pune, India; Rio Grande do Sul, Brazil; and Changzhou, China.