Kruckeberg Industries enters into agreement with Stinar Corporation

With immediate effect, Kruckeberg Industries has entered into a Management Agreement with Stinar Corporation.

For over 70 years Stinar has been a GSE manufacturer, supplying quality products to both commercial and governmental agencies globally. Primary customers include most major airlines and airport service companies, as well as the US Air Force and Navy.

Kruckeberg Industries is a holding and management company with a top-tier management team. The company pursues strategic mergers and acquisitions, as well as joint ventures and business development turnaround opportunities. Under the Management Agreement, Kruckeberg Industries will provide management and oversight services of Stinar’s day-to-day operations. This represents the first phase of co-operation that will lead to an eventual acquisition of Stinar by Kruckeberg Industries.

“The Kruckeberg team is pleased to have the opportunity to work with Stinar to move the company forward,” noted Craig Kruckeberg, CEO of Kruckeberg Industries.

The initial Stinar management team will include Jim Richards and Christopher Thorpe of Kruckeberg Industries; they will serve as General Manager and CFO respectively. Robert Harvey and Robert Gregor of Stinar will continue as CEO and Vice President of Sales & Marketing respectively.

“Stinar’s brand strength and manufacturing expertise paired with Kruckeberg Industries’ strengths in leadership and marketing are a tremendous fit,” Richards adds. “We will work towards elevating Stinar to a world-class level, one which positively impacts customer service, product quality, and operational performance.”