August 1, 2011
Nelson Global Products Acquires Morton Industries
Nelson Global Products today announced that it has acquired the assets of Morton Industries and its affiliate Bradley Services.
Nelson Global Products, formerly known as Global Tube, is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications for medium and heavy duty trucks and off-road vehicles, with operations in Illinois, Indiana, Tennessee, Wisconsin, China, India and Australia.
Morton Industries is a provider of tube assemblies and machined components to the off-road market. Morton Industries will continue to serve customers under the leadership of its current President, Chris Ober, and his experienced management team. It is Nelson Global Products’ second acquisition this year. Nelson acquired the exhaust business of Cummins Inc. (NYSE: CMI) in April.
"The Morton acquisition brings new customers to Nelson Global Products, enhances our existing customer relationships and diversifies the product offerings."
-- Michael Nelson
Michael Nelson, a Wind Point managing director, stated “The Morton acquisition is an excellent fit for our value creation plan. It brings new customers to Nelson Global Products, enhances our existing customer relationships and diversifies the product offerings. We believe the acquisition is a great value for our customers, due to Nelson’s increased capacity.”
Wind Point formed Nelson Global Products in partnership with CEO Tom Gosnell, a 30-year veteran of the commercial vehicles industry. Tom previously served as President of ArvinMeritor’s $4 billion Commercial Vehicle Systems Group.
“This is an exciting opportunity to expand Nelson Global Products’ service and product offerings, as well as to bring Morton’s accomplished management team to our business,” Tom commented. “With Morton Industries’ expertise and strong customer relationships, Nelson Global Products is positioned to continue capitalizing on the strong growth of the commercial vehicles market and exceeding the expectations of our customers.”
Reed Smith LLP acted as the exclusive legal advisor to Wind Point Partners.