Dalton Ag Products is now part of Dexter Apache Holdings, Inc., an Iowa-based holding company with diverse interests in manufacturing, financial services and distribution.
No purchase price was disclosed.
Previously Cox Manufacturing Co., Dalton Ag Products was founded in 1996 and builds products for dry fertilizer and liquid nitrogen application, including tool bars, spreaders, tanks and trailers. Dexter Apache, founded in 1894, manufactures a diverse mixture of products that include commercial laundry and refrigerator equipment, and industrial computers servers and storage devices. It also provides financial services.
Patrick Albregts, Dexter Apache’s president, said the purchase further diversifies Dexter Apache’s portfolio of companies and “leverages its competencies as a provider of high quality, highly engineered products.”
Rob Cox, Dalton’s owner and president, will continue to lead the Lenox, IA, operation, Albregts said.
Dalton’s 75 workers will become Dexter Apache employee-owners.
“This sale will be a major boost to Dalton’s future growth, and it’s a real win for rural Iowa and Lenox, which we are proud and grateful to call our home,” Cox said.