Allison, IA
Ranew's Companies, a market leader in industrial coating services, announced today the strategic acquisition of Allan Industrial Coatings (AIC), a provider of coating services based in Allison, Iowa. This strategic acquisition fortifies Ranew's Companies standing as a key player in the industrial coating industry while significantly increasing its capacity in the Midwest region.
"Ranew's Companies is excited to welcome the talented team at Allan Industrial Coatings into our organization," said Robert Brock, CEO of Ranew's Companies. "This acquisition strategically strengthens our presence in key markets. Utilizing AIC's footprint and capacity in the Midwest, we are poised to deepen our relationships with existing customers and extend our high-quality services to an even wider customer base."
The acquisition provides Ranew's Companies with an opportunity to tap into AIC's customer base, leverage their industrial know-how, and make use of their four well-established facilities located in Allison, Greene, and Waterloo, Iowa. The synergy from the combined expertise of both teams is anticipated to enhance Ranew's Companies' service quality and fuel its continued growth.
In the future, Allan Industrial Coatings will continue its operations as a subsidiary of Ranew's Companies, preserving its brand and leadership team.
The acquisition is effective August 1, 2023.
Ranew's Companies is a leading provider of a wide range of industrial coating services, including powder coating, liquid painting, and electrocoating. With over 40 years of experience and a commitment to excellence, Ranew's Companies consistently meets or exceeds customer expectations. Ranew's dedication to technological advancements, quality, and customer service makes it a trusted partner in the industrial coating industry.