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Innovance acquires Jorgensen Conveyor and Filtration Solutions
- April 9, 2024
- News Release
- Metalworking
Innovance, a 100 per cent employee-owned holding company focused on manufacturing and industrial technology, has acquired Jorgensen Conveyor and Filtration Solutions,Mequon, Wis.
Jorgensen builds conveyors, coolant filtration systems, material handling equipment, and chip processing equipment for the machine tool, metalworking, and other industries.
"This acquisition continues our strategy of building the Innovance portfolio with recognized industrial machine OEM companies and brands that complement our strong Lou-Rich contract manufacturing business," said Merritt Becker, CEO of Innovance.
The new alliance with Innovance enables the Jorgensen team to become owners of the business they have helped build.
Company President/COO Karl Kleppek praised the creativity and vision of the Jorgensen family, including outgoing CEO Chuck D'Amico, grandson of Charles and Evelyn Jorgensen.
Through the Innovance commitment to the growth and stability of its brands, it will retain all 65 of Jorgensen's employees and ensure a seamless transition to employee ownership for the Jorgensen team.
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