Norstar Industries, a manufacturer of grain handling equipment in Morris, Man., has purchased V-Bins, which makes smooth walled bins for fertilizer, feed and grain storage.
Norstar announced the acquisition Dec. 26 but terms of the deal were not released.
Cam Cornelsen, sales manager for Norstar, said the acquisition diversifies and complements his company’s existing product line. It can now offer both grain handling and grain storage products to its customers.
“Bringing smooth wall bins into our product offerings, along with introducing a new line of drag conveyance, we look forward to being a one stop shop for grain management on the farmyard,” he said in a statement.
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V-Bins, better known as Vidir Bins, is also based in Morris, Man. Since its formation in 2003, the company has specialized in smooth walled hopper bins.
As part of the deal, Norstar will continue to manufacture bins at the V-Bin plant in Morris.
Norstar manufactures equipment to unload flat-bottomed grain bins, as well as bucket elevators and other grain handling equipment.
“There is a natural synergy with smooth wall hopper bottom bins, bucket elevators and cross augers,” said Ray Waldner, Norstar president and general manager, who founded the company with Cornelsen nearly a decade ago.
Norstar sells its products from Quebec to British Columbia and into the United States and services a few international markets, including Australia.
