Precision Tank Announces A&B Welding Acquisition
Precision Tank, a specialized tank and equipment manufacturer, announced today the acquisition of A&B Welding of Thompson, IA, a manufacturer of field-erected tanks and general contracting services. The acquisition is a key element in Precision Tank’s growth strategy to expand and diversify in the agricultural tank marketplace.
“We couldn’t be more excited to welcome Arlin Kiel and the entire A&B Welding staff to the Precision Tank family,” said David Hemming, CEO & President of Precision Tank. “Combined, we will be able to offer a full range of tanks, from smaller stainless, fiberglass and mild steel tanks all the way up to tanks with a 3 million gallon capacity.”
The similar business cultures and non-competing products made the acquisition a natural fit. Both companies serve different areas in the agricultural tank market. Precision Tank and A&B Welding, collectively, will be able to offer additional products, resources and services to agriculture retailers throughout the Cornbelt.
Arlin Kiel, who founded A&B Welding with his late wife Betty in 1979, will remain as President. Moreover, all staff will remain in their current positions and the company will continue to operate under the name A&B Welding.
“I’m proud of the past 35 years, but I’m even more excited about what the future holds with Precision Tank,” said Arlin Kiel, President and Founder of A&B Welding. “Together we will be able to provide our customers an unmatched level of resources to build and improve their operations.”