LeMar Acquires Hall Industries, Merges Midwest Bearing
Strategic expansion enhances industry-leading innovation & expands capacity
DES MOINES, IA, January 14, 2011: LeMar Industries Corp. has made two strategic moves, acquiring Hall Industries of Sheffield, Iowa, and merging Midwest Bearing of Des Moines, Iowa, into its family of companies.
“These moves are a key step in LeMar’s overall growth strategy and give us the ability to expand core product offerings into the growing ag market,” says Jason Luster, General Manager. “This will help us continue to provide our customers the level of service and flexibility they demand and deserve.”
Hall Industries, a cutting-edge design and metal fabrication shop, primarily services the ag industry. Founded by Todd and Lorri Hall in 1999, the company consists of more than 30,000 ft2 of fabrication space including a new powder coat facility.
“We are very excited with this acquisition. Hall Industries has an excellent reputation for custom design and fabrication in both the grain and seed industries,” says Luster. “We plan to invest both equipment and people capital in this business immediately.”
Todd Hall will remain onboard and become part of the key management team, and Hall Industries will remain as the operating business name.
Further strengthening their growth strategy, LeMar also added Midwest Bearing, a leading bearing and power transmission aftermarket supply house.
“We see significant bearing and power transmission demand in the grain industry, and this merger fills a void by providing another tangible benefit to our customers while capitalizing on existing synergies,” says Luster. “‘Ease of doing business’ is one of our key markers. We continue to push ourselves to improve on that every day, and the addition of Midwest Bearing helps us accomplish that objective,” says Luster.