Sukup Manufacturing, a prominent player in the agricultural and industrial sectors, has made a significant move into the technology industry.
The company recently acquired Ramco Innovations, a renowned West Des Moines-based firm specializing in automation and industrial robots.
This strategic purchase is projected to generate approximately $40 million in additional sales for Sukup Manufacturing, further fueling their growth trajectory.
Following the acquisition, Ramco will be renamed Sukup Innovations, solidifying their integration into the Sukup Manufacturing family.
Both companies bring a rich history and expertise to the table, with Sukup’s strength lying in manufacturing and production, and Ramco’s prowess in automation and robotics.
Together, they aim to leverage their combined resources and knowledge to drive innovation and expansion in the high-tech sector.
Acquisition of Ramco Innovations
Sukup Manufacturing, known for making grain bins and steel buildings, has just bought a tech company called Ramco Innovations. Ramco is in West Des Moines and is really good at making things automatic and using robots in industry. Now that Sukup owns Ramco, it’s going to be called Sukup Innovations.
Sukup Manufacturing expects this big move to help them sell $40 million more. Steve Sukup, who runs the company, thinks it’s the perfect time to buy Ramco because they’ve been doing really well for the past three years. Hank Norem, who used to be the boss at Ramco, is now going to be the chief innovation officer at Sukup. He’ll help come up with new ideas and be part of the team that makes big decisions.
Background and History of Sukup and Ramco
Sukup Manufacturing and Ramco Innovations have a strong history of making important tech products. Sukup started in 1963 and makes big storage bins for grain, drying machines for crops, and steel buildings. They are the biggest company owned by a family that makes these things. Ramco began a year earlier, in 1962, selling electrical things. They grew to work with machines that move on their own and robots.
Sukup has been buying from Ramco since 1998, and together, they’ve made some really advanced ways to build things. They both started small and are still in the same places they began. Sukup is really good at making things, and Ramco is great at making machines and robots work well together. Their teamwork is very strong and helps them do even better in the world of high-tech things.
In this partnership, Sukup brings its knowledge of creating top-notch farming equipment, while Ramco adds its skill in making technology that can do things by itself. They’ve been working together to make building things faster and smarter. This helps both companies grow and make even better tech products.
Sukup Innovations’ Services and Facilities
Sukup Innovations is a company that works alongside Ramco Innovations to create cool, high-tech machines and help businesses use them. They focus on using robots to make work easier in factories and farms. They offer services like designing, picking out, putting together, and setting up these robot helpers.
They also have a special place called Maple Studios. This studio helps new companies that are working on technology to grow and do well. Sukup Innovations has important places where they work in West Des Moines and the Quad Cities. They also have a big office in West Des Moines and another place in Lincoln, Nebraska.
Sukup Innovations is growing because they want to stay on top of new ideas and changes in how farms and factories work. They are really into making new things to help these industries. This shows that Sukup is serious about being creative and keeping up with what businesses need today.
