Wabash-based Martin Yale Industries has announced the acquisition of Kansas-based distributor Dry-Lam LLC. Financial details were not disclosed, however the print finishing, office and mailroom equipment manufacturer says the deal will expand its current offerings and services.
Dry-Lam distributes laminating equipment and films for the office product and commercial print finishing markets. Martin Yale President Greg German says Dry-Lam’s primary distribution channels closely mirrors those of his company.
"It’s extremely exciting to add laminating to our product portfolio," said German. "This acquisition enables us to leverage already existing relationships of the two companies, giving strong Dry-Lam customers access to Martin Yale products and strong Martin Yale customers access to leading lamination products."
Martin Yale says it will move Dry-Lam’s distribution center from Kansas to its facility in Wabash. The company says the move will increase capacity and efficiency and ensure a high standard of customer service and technical support.
The company says no jobs will be affected by the acquisition.