NPK Construction Equipment (NPKCE), a Walton Hills, Ohio-based subsidiary of Nippon Pneumatic Mfg. Co. Ltd., Osaka Japan, has announced the purchase of Superior, Wisconsin-based Genesis Attachments and Germany-based Genesis Holdings and Genesis GmbH.
Genesis’ scrap processing, demolition and material handling attachments are “well-engineered, high-quality products” with an “outstanding reputation with their customers in the marketplace.” The acquisition of Genesis will make both companies stronger, NPK says in a news release.
Genesis Attachments was founded in 1997 and Genesis GmbH was founded in 2002 as the European licensee and exclusive sales partner of Genesis Attachments. The Wisconsin manufacturing facility has 117 employees, while their counterparts in Europe have an additional 15. NPK says it doesn’t plan on “making significant changes to the business, but rather plans on coming together with Genesis to continue improving the experience for our dealers and end users alike.”
Nippon Pneumatic Mfg. Co. Ltd. was founded in the early part of the 20th century selling pneumatic tools and has been designing and manufacturing construction equipment attachments since the 1950s.
In 1975, NPK Europa B.V. was established in Rotterdam, Holland, to expand sales channels in the European Community. By mid-1980, NPK was a manufacturer of hydraulic hammers, crushers and pulverizers, shears and pile drivers. In 1985, NPKCE was established to provide exclusive distribution and product support for the Western Hemisphere.
NPK says it looks forward to further expanding in the scrap, demolition and adjacent industries with the Genesis acquisition.