23.08.2021

US acquisition for Hiab

The Hiab division of Cargotec is to acquire the US demountable truck body hoist manufacturer Galfab.

Established in 1992 by Don Galbreath, Galfab specialises in the waste equipment market, including roll-off hoists, compactors, containers and self-dumping hoppers for the domestic waste industry. It is based in Winamac, Indiana, with two additional facilities Phoenix, Arizona, and Houston, Texas and has around 100 employees. The company is owned its employees and Mosaic Capital Partners.

The acquisition will expand Hiab’s demountable range, which includes hooklifts and skiploader demountables sold under the Multilift brand. Galfab will join the Hiab demountables, forestry & recycling cranes division and will be merged into Hiab’s US sales and service network.
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a Galfab roll-off hoist

Pauliina Kunvik, senior vice president of Hiab demountables, forestry & recycling cranes, said: “This is great news for new and existing customers. Galfab’s portfolio including the famous roll-off hoist will be integrated into Hiab’s US nationwide sales and service network. Together we are the second largest provider of demountables in the waste and recycling industry in the US. Galfab’s product portfolio including the popular roll-off-hoist is complementary to our offering and will help to introduce Multilift products to new customers.”

James Oreck, vice president, sales & services for Hiab North America, added: “Hiab US is excited to be working with the team at Galfab. Together we will expand the new product and services offering to the customers, strengthening our position in the industry. We see many opportunities to grow the US business with Galfab and Hiab products together, supported by our nationwide sales and service network.”

Galfab chief executive Jerry Samson said: “I am extremely excited about Galfab becoming part of the Hiab team. This is a perfect match for Galfab and will enable us to continue to provide the leading brand in the industry to our customers while adding more quality products.”

Don Galbreath added: “This partnership unites two companies with premier brands in the industry. Galfab and Multilift are known for quality and durability and bringing them together will only enhance the brand.”

Completion is expected in the third quarter, subject to any regulatory and shareholder approvals.