Ballymore Safety Products acquires Valley Craft Industries
Ballymore Safety Products, a portfolio company of One Equity Partners (OEP), and a designer and manufacturer of vertical access equipment and custom safety products, has completed the acquisition of Valley Craft Industries Inc., a manufacturer of material handling, drum handling, and storage solutions equipment.
The deal represents Ballymore’s fourth acquisition since 2021, catapulting the company into one of the largest, fully integrated safety, vertical access, and material handling products and services businesses in the U.S., according to a Ballymore press release.
Headquartered in a suburb of Minneapolis, 70-year-old Valley Craft employs a team of over 100, all of whom will join the Ballymore family of safety-focused brands.
Ballymore stated it plans to invest in Valley Craft and the business will serve as Ballymore’s Midwest headquarters, where Ballymore will introduce rolling ladder manufacturing capabilities to the Midwest for the first time in the company’s history, among other planned investments to fully leverage Valley Craft’s state-of-the-art, approximately 175,000-square-foot facility.
“Acquiring Valley Craft represents a great step forward in our mission to provide comprehensive, innovative safety solutions for our customers,” said Chairman of Ballymore Safety Products Bill Frame. “Valley Craft’s expertise in material handling and storage, combined with its extensive domestic manufacturing capabilities, positions us to offer an unparalleled range of safety products and services to our customers and enables us to onshore products that have been historically imported. Combining the Valley Craft and Ballymore manufacturing operations results in approximately half a million square feet of domestic manufacturing capability. We are excited to welcome Valley Craft’s talented team to the Ballymore family and look forward to driving growth and innovation together.”
Fairmount Partners LP served as the exclusive merger and acquisition advisor to Ballymore on the transaction, while Klehr Harrison Harvey Branzburg LLP provided legal advisory services. Transaction terms were not disclosed.
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