Nelson Global Products Inc., a global leader in the design and manufacture of tubular and exhaust products for commercial vehicle markets, has acquired Water Works Manufacturing located in Cambridge, Minn. Water Works also has two subsidiaries: Cambridge Metals and Plastics (CMP), located in Cambridge, Minn.; and Interlaken Technology Corporation (ITC), located in Chaska, Minn. The acquisition is effective immediately.
Water Works will continue to operate under the leadership of Jim Shear, its current president and CEO, and his experienced management team.
The 250 employees at Water Works will maintain their positions with the respective companies. A new, 33,000-square-foot addition is currently underway at the main manufacturing facility in Cambridge.
Founded in December 2003, Water Works is a leading provider of advanced metal forming solutions that have allowed the company to become a major supplier to blue chip customers in the powersports and infrastructure-related industries.
Nelson Global Products is a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, Ill. Terms of the acquisition were not disclosed.
“This acquisition is a very exciting opportunity for us,” said Tom Gosnell, CEO of Nelson. “Water Works provides a significant opportunity for us to expand our addressable end markets, our manufacturing processes and our product offering, as we better meet the expectations of our growing number of customers.
“We are especially enthusiastic about the advanced metal forming capability that Water Works brings to the Nelson Global Products family," he continued. "Jim Shear’s past investments in these processes, as well as laser technology for tube and sheet processing, further strengthens our already robust manufacturing technology. We are proud to be aligned with the Water Works team”.
