FOR IMMEDIATE RELEASE
BLOOMINGTON, Ill. (Jan. 3, 2017) – GROWMARK acquired the assets of L.T. & E. Inc., a family owned and operated tank and truck manufacturer and repair facility based in Arcola, Illinois, the company announced Tuesday. L.T. & E. Inc. works exclusively on vacuum and fuel delivery vehicles. The acquisition gives GROWMARK Tank & Truck Center its sixth shop location. It includes four locations in Illinois and two in Iowa.
“The employees of both companies will greatly benefit from this acquisition,” said Mike Davis, GROWMARK Tank and Truck Center sales and operations manager. “This acquisition brings over 30 years of industry knowledge and experience which will allow us to better serve our member companies and other external customers.”
Davis described GROWMARK Tank & Truck Centers as state-of-the-art production centers that manufacture delivery trucks for the liquid fuel, propane, and bulk oil industries. “The Tank & Truck Centers offer the complete rolling stock package, from fabrication and assembly to Department of Transportation and repairs. The addition of this facility means many of our customers don’t have to travel as far for their rolling stock orders or repairs.”
GROWMARK is an agricultural cooperative with annual sales of $7 billion (FY 2016 data) providing agronomy, energy, facility planning, and logistics products and services, as well as grain marketing and risk management services in more than 40 states and Ontario, Canada. GROWMARK owns the FS trademark, which is used by affiliated member cooperatives. More information is available at www.growmark.com.