A Japanese company has purchased Superior-based Genesis Attachments LLC.
NPK Construction Equipment, a subsidiary of the Nippon Pneumatic Manufacturing Co. LTD (NPK Japan), announced the purchase Friday, May 17.
"The acquisition of Genesis will make both companies stronger," NPK Construction Equipment President Dan Tyrrell said in a statement.
Genesis was founded in 1997. The business builds mobile shears, concrete processors, grapples and specialty attachments. A European licensee and sales partner, Genesis GmbH, was founded in 2002. Genesis was purchased in 2006 by New York City-based Dover Corp.
The manufacturing facility in Superior has 117 employees; the European licensee employs 15.
"Because Genesis has been in the market for a long time with such success, NPK doesn't plan on making changes to the business model, but rather plans on coming together with Genesis to continue improving the experience for our dealers and end users alike," Tyrrell said.
NPK was founded in 1919, according to the business website, and manufactures construction equipment, pneumatic tools and chemical equipment. The company has been designing and manufacturing construction equipment attachments since the late 1950s.
"NPK worldwide has maintained the philosophy that with enough diverse products and industries, we can withstand the valleys that every industry encounters over time," Tyrrell said.
The acquisition of Genesis will enable them to expand even further into the scrap, demolition and adjacent industries, he said.
The Telegram's calls to Genesis weren't returned as of press time.