CAMBRIDGE, Ont. — Ingersoll Machine and Tool (IMT) has announced the acquisition of spring and suspension manufacturer Standen’s.
Calgary-based Standen’s produces leaf springs, tillage tools, light trailer suspensions and suspension hardware. It has more than 500 employees, three manufacturing facilities and five distribution centres and has been in business since the 1920s, IMT announced. It serves the transportation, defense and agricultural industries.
“The synergies between IMT and Standen’s are staggering,” IMT said in a release. “Both companies have strong connections to the transportation industry, IMT through Ingersoll Axles and their line of air suspensions and heavy duty trailer axles, and Standen’s through their light duty axles and spring suspensions. Together the two companies are able to offer their customers a complete solution for all of their transportation needs.”
Standen’s will operate under the transportation group of IMT and will be run by Dean Davenport, group president.