Somero Supports Growth Strategy with Acquisition to Start Off 2019
Somero® is pleased to announce the acquisition of the business assets of Line Dragon®, LLC (“Line Dragon”), a Pennsylvania based provider of concrete placing and hose dragging equipment to the concrete industry.
The acquisition offers a unique opportunity to add to Somero’s broad portfolio of differentiated products. Line Dragon complements Somero’s SP-16 Concrete Line Placing & Pulling system, with the combined offering introducing innovative features to customers and expanding Somero’s customer relationships in this market segment.
About this Acquisition
Jack Cooney, President and CEO of Somero said:
“The opportunistic Line Dragon acquisition is a great fit for Somero to expand our product offering and further extend our customer reach. Line Dragon has grown a great business and developed strong brand equity as a provider of concrete placing and hose dragging equipment to the concrete industry. We are excited to add Line Dragon to the Somero family of products and believe, in combination with Somero’s impressive capabilities, we are positioned well for continued growth and innovation of this product line.”
Daniel Stolzfus, Owner Line Dragon, LLC said:
“Decades of hands-on experience in the concrete pumping industry drove the development of Line Dragon equipment, and I am confident that the combination of our innovative technology with Somero’s creates a strong offering to customers. Somero has the history, industry expertise and world-class capabilities to make the most of the significant opportunities in our market, continue to innovate and make customers businesses better, safer and more profitable.”
Somero Enterprises, Inc. is a leading manufacturer of technologically advanced concrete placing equipment and associated machinery. Somero Enterprises was founded in 1985 and has grown and prospered by delivering superior products to the global market. Our products are marketed and sold globally in over 90 countries through a direct sales force, sales representatives and dealers. For more information, please visit Somero.com.
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