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Caster Concepts Acquires LARCASTER/Owl Welding


June 20, 2012 - Albion, MI

Caster Concepts, Inc. located in Albion, MI and the manufacturer of heavy duty industrial casters and wheels announced this morning that it has acquired the assets and select liabilities of LARCASTER/Owl Welding located in Selkirk, Manitoba. The deal was effective June 15, 2012.

President William H. Dobbins stated, "This is an exciting opportunity for Caster Concepts to acquire LARCASTER, an innovative company in the torsion caster business. LARCASTER pioneered the torsion caster product line and we will carry on a great tradition of excellent product and superior customer service."

As part of the transition plan, Al Larson, previous owner of LARCASTER, and Karen Hynes, Operations Manager, will remain on as consultants for a designated period of time to assure that all customer needs are being met. Al Larson stated, "I am excited that I have found a great fit for the LARCASTER product line. I believe that Caster Concepts will carry on a tradition that I have worked hard to establish over the past 20 years. I look forward to working with the Caster Concepts team to make the transition smooth and assure the customers are served."

Caster Concepts will move all operations of LARCASTER to its U.S. base in Albion, MI. The move will be completed in June 22, 2012 and manufacturing will start immediately.

Caster Concepts, beyond standard solutions

Caster Concepts designs and builds industrial casters and wheels for virtually any application. ISO 9001-2008 certified, we manufacture heavy duty products to withstand impact, corrosion, temperature extremes and industrial chemical environments. Our multi-functional casters and wheels provide solutions in industrial, automotive, food service, aerospace, material handling and many other demanding markets.

For further information on the entire family of Caster Concepts companies -- CasterShoX, Conceptual Innovations, Conveyor Concepts, Fabricating Concepts, LARCASTER, Reaction Industries, The Machine Center, Triple E Manufacturing, call 517-629-8838 or visit www.casterconcepts.com.

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For more information, contact:

Dr. William Dobbins
President & CEO
Caster Concepts, Inc.
517-629-8838

MarketWire

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