A company based in the Pulaski County town of Winamac is set to be acquired by a Swedish company. Hiab says the addition of waste equipment manufacturer Galfab will expand its U.S. manufacturing footprint.
Galfab designs and manufactures a variety of equipment for the domestic waste industry, including roll-off hoists, roll-off containers, and compactors and blers. Hiab says the company will become part of its Demountables, Forestry, and Recycling Cranes division.
“Galfab’s portfolio including the famous roll-off hoist will be integrated into Hiab’s U.S. nationwide sales and service network,” said Pauliina Kunvik, senior vice president of Hiab. “Together we are the second largest provider of demountables in the waste and recycling industry in the U.S.”
Galfab employs about 100 people in Indiana, as well as its manufacturing sites in Phoenix and Houston. Hiab did not specify if any jobs would be negatively affected by the deal.
The acquisition is expected to close sometime in the third quarter. Financial terms of the deal were not disclosed.