Twin Disc Acquires Kobelt
Twin Disc announced the successful completion of its $16.5 million acquisition of Kobelt Manufacturing Co. Ltd., a British Columbia-based company specializing in brake, control and steering systems for industrial and marine end markets.Twin Disc’s global presence will expand Kobelt’s international reach, while Kobelt will contribute complementary products that diversify and enhance Twin Disc’s portfolio in the industrial and marine sectors. Kobelt’s after-sales services, combined with its in-house foundry and bronze die casting capabilities featuring precision machining…
Kobelt Acquires Accu-Steer
Manufacturer of quality hydraulic steering actuators will join Kobelt to expand marine system offerings. Kobelt announced today the acquisition of Accu-Steer Inc., a US-based manufacturer of quality Hydraulic Steering Actuators. Founded by Bill Pulse and Paul Barber in 1993, Accu-Steer designs and builds a range of hydraulic power steering units. For over 22 years, the company has specialized in the design and manufacturing of reliable solutions for guiding and controlling motion on commercial vessels and pleasure craft. “The synergies between the Kobelt and Accu-Steer product lines make these two companies such a natural fit.” stated Bill Pulse, Accu-Steer President.
Kobelt Manufacturing Acquired by Private Equity Firm
Kobelt enters a new era with retirement of Jack Kobelt and acquisition of company by US investment company Bow River Capital Partners. Jack Kobelt founded Kobelt Manufacturing from his basement in 1962, developing unique, hand-engineered components for the marine industry. Over the next five decades his manufacturing company produced a broad range of rugged marine steering and controls and disk brakes designed to perform in the most challenging environments. Kobelt has collected dozens of patents for its cutting-edge products, which are sold in over 100 countries. Mr. Kobelt has elected to sell the company and transition into retirement. David Bockhold has been selected to take over the reins as Kobelt’s new CEO.
Kobelt Opens Houston Branch
Kobelt Manufacturing Company Limited has opened an office in Houston, vice president Tom Kobelt announced. "Our Houston office, staffed with professionals who understand the Latin American Culture and business customs will help us improve presence in the Latin American and the Gulf of Mexico marketplace, and provide better service to our customers," said Kobelt.
