Hy-Tek Material Handling acquires two Atlanta companies
Acquisition expected to grow annual revenues to $95 million from 2013's revenues of $80 million.
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Hy-Tek Material Handling has announced the acquisition of Atlanta, Ga.-based Conveying Solutions, Inc. and Allied Conveyor Systems, effective immediately.
Together, the two companies form the Atlanta office of Hy-Tek’s Integrated Systems Division. The acquisition is expected to boost Hy-Tek’s 2014 revenues to $95 million, an increase of $15 million over 2013 sales of $80 million. Columbus-based Hy-Tek is a single-source provider of material handling solutions for industries including manufacturing, distribution, retail, pharmaceutical, food, electronics, and automotive. The acquisition was announced by Hy-Tek CEO Sam Grooms.
Hy-Tek Integrated Systems/Atlanta employs 14 engineering and project management professionals, overseen by Mickey Thompson, principal of Conveying Solutions and Allied Conveyor Systems. With a solid foothold in the retail industry, Conveying Solutions provides material handling solutions to Neiman Marcus and other luxury retailers, along with discount and chain retailers nationwide. In addition, Conveying Solutions is the full-service authorized dealer for Kardex Remstar vertical storage systems in Alabama and Georgia. Allied Conveyor Systems is a manufacturer of overhead and floor conveyor systems that are used for distribution and warehousing, paint finish and processing, and in-line and flexible assembly operations in industries including automotive, electronic, and agriculture among others.
“For 51 years, the 100-plus employee-owners of Hy-Tek Material Handling have been dedicated to designing and delivering innovative material handling solutions for clients in retail, e-commerce, and other industries. We’re delighted to have Conveying Solutions and Allied Conveyor Systems join the Hy-Tek team. With 34 years of industry experience, Atlanta Division Principal Manager Mickey Thompson has what it takes to support our corporate strategy and serve our clients’ needs. We look forward to expanding Hy-Tek’s presence and delivering hands-on sales, service, and support to manufacturers and distributors throughout Atlanta, the South, and the entire country,” said Grooms.
“Conveying Solutions and Allied Conveyor Systems are thrilled to be part of the Hy-Tek family. An international leader in the material handling industry, Hy-Tek has the comprehensive resources, full-service capabilities, and unsurpassed expertise necessary to support our continued growth throughout the Southeastern United States and beyond,” said Thompson.
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