July 30, 2012 (Lake City, Minn.) Valley Craft Industries, Inc., a company newly formed by Minnesota businessman Dennis Campbell, announced today that it has acquired substantially all of the assets of Valley Craft, Inc., a former division of Liberty Diversified International (LDI).
Valley Craft, a leading metal fabrication company, produces a portfolio of custom and proprietary material handling and storage solution products used in a wide variety of industrial and commercial applications. Valley Craft also works with Original Equipment Manufacturers as a supplier of fabricated metal components and sub-assemblies.
“With its great location, experienced and committed employees, and loyal customers – many of whom have been with them for more than 30 years – Valley Craft is a great example of what’s right with manufacturing in America,” new owner Dennis Campbell said.
Under its new leadership, Valley Craft Industries will focus on growing the business by: 1. Producing quality products that make life better, safer, and more efficient; 2. Introducing innovative new products that satisfy customer needs; 3.Developing new channels into new markets; and 4. continuously improving all aspects of the business.
Campbell confirmed that all presently active employees of LDI’s Valley Craft Division have been offered employment with the new company.
“This is a terrific opportunity to unlock the potential of a great brand that has been struggling for oxygen as a non-core asset inside a larger growth oriented parent where the most precious resources – capital and executive mind share – have been focused elsewhere,” said Campbell. LDI, which owned the business since 1979, recently determined that Valley Craft was not well aligned with its strategic vision.
Campbell brings extensive experience to the company having managed domestic and international businesses in a variety of industries including automotive, power generation, aerospace, electronics, plastics, capital equipment and visual communications.
“Having been responsible for durable goods business operations in over 20 different countries, l know what it means to be ‘American Made,’ and I know what it takes to be competitive. I’m committed to making Valley Craft Industries a model of success and a wake-up call for anyone who thinks America’s best manufacturing days are behind us.” said Campbell.
About Valley Craft Industries, Inc.
Valley Craft Industries, Inc., based in Lake City Minnesota, was founded in 1952 with the introduction of the first hand truck with a brake. A manufacturer of high quality custom and proprietary products, Valley Craft Industries is known for its variety of rugged hand trucks, trailers, carts, drum handling devices, and storage solutions. Please visit www.valleycraft.com for additional information.
Cherry Tree & Associates served as the exclusive investment banking advisor to LDI