Sukup Manufacturing, a company that specializes in grain storage and handling solutions, has acquired Ramco Innovations, an automation distributor based in Iowa. The acquisition has led to the formation of a new entity called Sukup Innovations, which will combine the technologies of both companies. Ramco Innovations, founded in 1962, is a leading distributor of automation products in the Midwest and has 65 employees who will transition to the new entity. Sukup Innovations aims to provide comprehensive, high-tech solutions tailored to the agriculture industry and other sectors. Sukup Manufacturing, which remains family-owned, was founded in 1963 and has over 800 employees.
The acquisition is expected to allow Sukup to bring enterprise-level automation to farm operations of any size by leveraging Ramco Innovations’ expertise. The collaboration between the two companies represents a significant milestone and reaffirms their dedication to delivering unmatched value to customers. The goal of Sukup Innovations is to set new standards in the industry by combining the strengths of both companies and creating innovative solutions that drive efficiency, productivity, and growth for clients.
As part of the acquisition, Hank Norem, the CEO of Ramco Innovations, will become the Chief Innovation Officer of Sukup Innovations and will also serve on the Sukup executive team. Norem expressed excitement about the possibilities that lie ahead and the opportunity to transform challenges into opportunities. The acquisition marks a significant step for Sukup Manufacturing as it expands its product offerings and enhances the customer experience with its automation platform.
Overall, the acquisition of Ramco Innovations by Sukup Manufacturing signifies the companies’ commitment to innovation and delivering advanced automation solutions to the agriculture industry. By combining their resources and expertise, Sukup Innovations aims to set new benchmarks for excellence in the field.