Sata USA has signed an agreement to acquire Dan-Am Company, located in Spring Valley, Minnesota.
Sata said the acquisition of Dan-Am Company, which has a long history of success in the distribution of SATA products in USA and Puerto Rico, represents a significant milestone and is part of Sata’s strategic growth initiatives to strengthen its presence in the whole North American market and expand its product portfolio.
“We are excited about this new chapter in the history of both Dan-Am and Sata,” said Mike Carlos Wolf, Chief Strategy Officer at Sata’s head office in Germany. “This acquisition will allow us to continue to provide our industry partners and customers in the USA and Puerto Rico with the best equipment and outstanding service they know and love from Sata and Dan-Am, now and in the future.”
Sata said it is committed to making the transition process smooth, along with maintaining and strengthening Dan-Am Company’s existing relationships with customers, suppliers, and employees.
“We would also like to take this opportunity to express our sincere gratitude for the decades of excellent cooperation with the Dan-Am Company team and the Jorgensen family,” said Florian Kaiser, COO of Sata. “Their dedicated partnership and trust have been instrumental to the success and growth of both companies. We greatly appreciate the longstanding relationship and are grateful for the valuable contributions and support we have received from the Jorgensen family and their team.”