STOUGHTON, Wis., May 5, 2016 /PRNewswire/ -- Nelson Global Products Inc., a global leader in the design and manufacture of tubular and exhaust products for commercial vehicle markets, has sold their Morton, Illinois manufacturing facilities to Morton Industries Holdings LLC effective April 19, 2016. The sale was effective immediately.
Sergio Carvalho, CEO of Nelson Global Products, stated, "This sale allows Nelson Global Products to place greater emphasis and resources on products that are a critical part of our growth strategy." The new owners are a locally based management team who have years of experience in the industry. Nelson Global Products will also hold a portion of equity in the business along with the new owners and together it will be a strong strategic partnership.
Nelson Global Products is a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, IL. Terms of the acquisition were not disclosed.
Nelson Global Products acquired Morton Industries LLC and Bradley Services Inc. (BSI) in August 2011. Morton Industries, founded in 1946, has a long history in Morton, Illinois and provides customers with high quality tube fabrications and assemblies for customers such as Caterpillar and John Deere & Co.
About Nelson Global Products
With a 60+ years of rich engineering and manufacturing history, Nelson Global Products designs, manufactures, and markets a broad range of high performance exhaust and tubular products for OEM and aftermarket use for the global on-highway, off-highway, and power sports markets. These products include mufflers and silencers; exhaust tube assemblies; EGR and Thermal Management Tubing (TMT) for emissions systems; pressurized tube assemblies for air, hydraulic and lubrication; and structural assemblies.
The company's operations include corporate offices in Stoughton, WI and manufacturing operations in Clinton, TN; Fort Wayne, IN; Arcadia, Black River Falls and Viroqua, Wisconsin; Cambridge, Minnesota and international operations in Monterrey, Mexico; Scoresby, Australia; Daman, Chenai, Rudrapaur, and Pune India; Rio Grande do Sul, Araucaria, Brazil; and Changzhou, China.
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SOURCE Nelson Global Products Inc.