The Rancho Dominguez-based caster and wheel maker was acquired by Caster Concepts Inc., a competitor that will consolidate all operations at its headquarters in Albion, Mich. Financial terms of the deal were not disclosed.
The purchase included Aerol’s equipment, design and engineering work. Several members of Aerol’s sales team will join the new owner.
“This strategic purchase fits well with our product line and allows us to serve new customers while strengthening our work in aviation and government contracting,” Caster Concepts President and Chief Executive Bill Dobbins said in a statement.
Aerol, founded in 1944, specializes in engineering and manufacturing of aluminum industrial wheels; casters; and polyurethane products, including trailers and running gears, jacks and mobilizers for radar systems, munitions, ISO shelters, and portable missile systems.
The company’s customer base includes the Navy, Air Force, Marine Corps and Army Ground Support. It also manufactures parts for large aerospace companies, including the Boeing Co. and Lockheed Martin Corp.
The deal “expands the Caster Concepts family of brands to 10,” according to the company, which also owns brands such as Fabricating Concepts, Conceptual Innovations, Machine Center, Reaction Industries, Triple E Manufacturing, Larcaster and Conveyor Concepts.
“Aerol’s reputation in manufacturing is well known in the industry, and its line of aluminum casters is unparalleled,” said Caster Concepts General Manager Andrew Dobbins. “Our goal is to build on their high standing, bringing in our top engineers and line workers to continue their mission of producing only the highest-quality casters, considered the Rolex of the industry.”
Andrew Dobbins will oversee Aerol’s move to Michigan, which is set for completion by the end of this year.
Aerol was once part of Federal Signal Corp., a maker of street sweeper vehicles, public address systems, emergency vehicle equipment and lighting. The Illinois-based company spun off Aerol in 1973, to streamline its operations.
Rancho Dominguez Caster Maker Is Aquired