SHEFFIELD, Iowa – Sukup Manufacturing Co., a world leader in grain drying, storage and handling will acquire DanCorn, a leading dealer of the same in Denmark, as well as internationally. DanCorn is the exclusive distributer of Sukup products in all of northern Europe and is located in Hedensted, Denmark.
"As Sukup Manufacturing Co. has been able to expand and grow, our dealers have also grown bigger and shared in our success. DanCorn is an example of the benefit of a mutually strong and lasting partnership," stated Steve Sukup, CFO of Sukup Manufacturing Co. "We are looking forward to continued growth with DanCorn and the expanding opportunities in protecting grain and increasing profit for farmers," added Charles Sukup, President of Sukup Manufacturing Co.
This acquisition will be of significant benefit to both Sukup Manufacturing Co. and DanCorn A/S. Sukup Manufacturing is a continuously expanding company, growing over eight times since 2002. DanCorn has experienced tremendous success with the introduction of Sukup (American) style grain drying and storage systems to Northern Europe, where this style is now considered the norm. DanCorn is looking to expand and develop their customer base, and with the new ownership by Sukup Manufacturing Co., they will have a renewed focus on increasing market growth throughout Northern Europe. With DanCorn being one of Sukup Manufacturing Co.’s largest international customers, this strategically complementary combination will add a platform for growth for Sukup Manufacturing Co. Hans Hansen, former DanCorn CEO, will continue as a member on the Board, while DanCorn’s current CEO, Jens Munk Jensen will continue as CEO of the newly acquired DanCorn.
Sukup Manufacturing Co. is one of the top grain bin companies in the US, gaining market share at a higher rate than any other bin manufacturer. Sukup Manufacturing Co. attributes its rapid growth and continual expansion to the core values that are upheld by being a family-owned and operated business. With three generations working day to day, the feeling of being part of the family is unmistakable. After over 50 years of business, Sukup Manufacturing is looking forward to this international expansion and integrating DanCorn into this family atmosphere. Sukup Manufacturing Co. is moving forward and building a strong, expanding presence both in the U.S. and in the world market.
Sukup Manufacturing Co. is a family-owned grain storage, drying, and handling equipment and steel building manufacturer located in Sheffield, Iowa, USA. Sukup has been engineering solutions to protect and preserve the world’s grain supply since 1963. The Sukup product line includes on-farm and commercial grain bins, portable and tower dryers, centrifugal and axial fans and heaters, stirring machines, bin unloading equipment and bin floors and supports. Sukup also manufactures a line of material handling equipment that includes bucket elevators, drag conveyors and chain loop conveyors, as well as a line of steel buildings. Sukup products are sold throughout the U.S. and Canada, as well as in over 80 foreign countries.