IN THE USA, Iowa Mold Tooling (IMT) has purchased the assets of Stedt Hydraulic Crane Corporation (Stetco) of Westborough, Massachusetts. The deal was announced on 2 January.
IMT president and CEO Richard Long said: ‘The Stetco product line is well-regarded and ruggedly built. It brings a quality, niche product into the IMT organisation.’
Stetco products will continue to be manufactured under the Stetco brand, and the company’s management will remain in place with David Stedt as general manager.