Sukup Manufacturing Acquires Automation Distributor
In mid-December 2023, Sukup announced it acquired Ramco Innovations. Both companies are based in Iowa, and the acquisition will form a new entity–Sukup Innovations, which will encompass all Ramco technologies as well as technologies for Sukup.
Founded in 1962, Ramco Innovations has become a leading distributor of automation products across the Midwest. It has 65 employees, which will transition to the new entity.
"We are thrilled to welcome Ramco into the Sukup family and to embark on this exciting journey together," said Steve Sukup, President of Sukup Manufacturing Co. "This collaboration represents a significant milestone for both companies and reaffirms our dedication to delivering unmatched value to our customers. With the expertise of our teams and foundational leadership, we are confident that together we will set new standards in the industry."
The goal is for Sukup Innovations to provide comprehensive, high-tech solutions tailored to agriculture and other industries.
Sukup’s lineup spans grain storage, handling, and drying solutions with worldwide sales and distribution. The company was founded in 1963, remains family-owned, and has more than 800 employees.
"This acquisition gives us the ability to realize the full potential of Sukup's products and bring enterprise level automation to farm operations of any size. We have seen the widespread adoption of our customer-friendly products, and we want to enhance that experience." said Matt Koch, Sukup CMO. "After many years of development, we are excited to see our automation platform come to fruition."
Hank Norem, Ramco CEO, will take on the role as Chief Innovation Officer Sukup Innovations. He’ll also serve on the Sukup executive team.
Norem said, “Myself and the Ramco team are honored to be a part of this innovative venture, and I am excited about the endless possibilities that lie ahead. By leveraging our collective strengths, we will create solutions that drive efficiency, productivity, and growth for our clients. Together, we will transform challenges into opportunities and set new benchmarks for excellence."
