Chicago-based Milton Industries, a producer of pneumatic and hydraulic accessories, has acquired Thunder Technologies, manufacturer of industrial hose, piping expansion joints, cut rubber and gasket products, the company announced.
Thunder Technologies, based in Rochester Hills, Michigan, has been in business for more than 14 years serving U.S. and international customers in the manufacturing, industrial, energy, pharmaceutical, military, rocket, cryogenics, vehicle and other industries.
This is Milton’s fifth acquisition in the last 24 months, the company said.
“This expands Milton’s offerings into Thunder Technologies’ product line and distribution channels,” says Greg Carlson, CEO of Milton Industries. “We plan to use our design, manufacturing and marketing expertise to broaden both brands’ footprints. Our combined people, knowledge, and distribution will fuel our continued growth.”
“I’m very pleased with the acquisition and excited about sharing our respective expertise, products, and company cultures to accelerate growth,” says Thunder Technologies Founder and CEO Marc Kalinowski. “The strategic combination of Thunder Technologies and Milton is a great fit to better serve our customers’ critical needs and increase opportunities for our employees.”
Carlson will continue as CEO of Milton Industries, the company said, while Kalinowski, an equity holder and member of the senior leadership team, will continue leading the independent business unit.