Lake Geneva’s Trostel acquires assets of Chicago company; QPS acquires Two Rivers staffing company
Lake Geneva’s Trostel acquires assets of Chicago company
Lake Geneva-based Trostel Ltd. is acquiring specific product lines, intellectual property and related equipment from Chicago-Allis Manufacturing Corp.
Matthew O’Sullivan, president and chief executive officer of Trostel, said the agreement with the Chicago-based company supports Trostel’s strategic growth initiatives and allows it to further extend its mechanical face seal and rubber molded products capabilities.
Trostel has manufacturing locations in Whitewater and Reynosa, Mexico.
Chicago-Allis designs and manufactures sealing products that serve a variety of markets, including diesel, heavy equipment, and appliance markets.
“The Chicago-Allis product offerings and markets will combine well with Trostel’s capabilities and create an opportunity for our organization to provide a higher level of customer service and technical support,” O’Sullivan said. “As the world economy continues to show some positive signs, this agreement strengthens Trostel’s ability to maximize its technical expertise and offer a broader range of high quality products to a variety of industry sectors. This is a positive step that positions us for future growth.”
Trostel is privately owned by the U.S.-based Everett Smith Group Ltd., which has operations in the United States, Mexico, Brazil, Germany, Hungary, China, Japan and South Korea.
QPS acquires Two Rivers staffing company
QPS Employment Group, a Brookfield-based staffing and recruiting firm, has acquired a portion of Engstrom Inc., a Two Rivers-based staffing firm.
QPS will be co-operating out of Engstrom’s office in Two Rivers as Engstrom will be retaining the name and a segment of the business. The staff will be retained under QPS.
“As more companies find solid footing in 2010, the need for temporary labor is increasing,” said Dan McNulty, executive vice president and chief operating officer of QPS. “This acquisition will increase our presence in northeastern Wisconsin and is another step in our long-term development plan.”
QPS expects to add 1.5 percent revenue annually with the acquisition.