PIETARSAARI, FINLAND– Hilltip, a leading manufacturer of snowplows, spreaders, de-icing sprayers, sweepers and other road maintenance equipment, has acquired all the assets of Industrial Metal Products, Inc., an Indiana-based manufacturer of truck beds and other quality metal products. The arrangement provides growth opportunities for both companies’ products, while aiding Hilltip’s expansion in the North American market.
The acquisition of Industrial Metal Products will allow Hilltip to manufacture its products in North America using the company’s Fort Wayne facility, which will immediately get an remarkable expansion for increased production and storage capacity. In addition to the logistical benefits of production at the Indiana location, Hilltip will establish staff resources and a customer service team to better serve dealers and customers in the U.S. and Canada.
“We are now able to manufacture and better serve our customers overseas with our industry leading products in the United States and distribute throughout North America,” says Tom Mäenpää, Managing
Director. “This includes our complete line of spreaders, sprayers and brooms, as well as established Hilltip products lines, we have yet to offer over there– namely our many truck, tractor and UTV snowplows.” This acquisition also enables us to improve our service level and achieve the European growth goals with our dealers in Europe, as the acquisition will minimize capacity disturbance at the plant in Pietarsaari, says Frank Mäenpää, Business Development and Sales Director of Hilltip Oy.
Industrial Metal Products will continue production and development of its existing product line as a separate division of Hilltip, and it will still carry the Industrial Truck Beds brand name. “With 20 years of experience in the truck equipment industry, Industrial Metal Products has a lot of brand equity,” said Craig Sandmann, North American Sales/Operations Manager for Hilltip Inc . “We anticipate growing the Industrial Metal Products brand and business, while expanding Hilltip’s North American footprint with our innovative winter maintenance technologies. The synergies between our management teams and dealer networks provide tremendous opportunities for both companies. It’s an exciting development for our employees, dealers and customers.”
Headquartered in Pietarsaari, Finland, Hilltip Oy is a leading manufacturer of road maintenance equipment in Europe founded by the brothers Tom and Frank Mäenpää. With equipment designed and built in an area that averages at least six months of snowfall every year, Hilltip is known for its extreme durability and advanced technologies. Opening its U.S.-based subsidiary, Hilltip Corp., in 2020, the company is now actively bringing these industry-leading advancements to the North American market.