Search company, investor...

Predict your next investment

K-Tec company logo
Corporation
INDUSTRIALS | Manufacturing
ktecinc.com

Portfolio Exits

1

About K-Tec

K-Tec designs and manufactures industrial carts, material handling lifts, and conveyor systems for building forklift-free warehouses or manufacturing systems.

Headquarters Location

1350 Rockefeller Rd

Wickliffe, Ohio, 44092,

United States

440-943-4111

Want to inform investors similar to K-Tec about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest K-Tec News

K-Tec and Ashland Parent Company to Acquire Metalcraft Scrapers

May 20, 2022

K.A. Group, the owners and management of K-Tec Earthmovers and Ashland Industries, announced it will acquire Metalcraft Scrapers, a manufacturer of earthmoving scrapers and accessory products. The Louisville, Georgia-based Metalcraft will remain under the management of Dayton Ratzlaff, who founded the business in 2004. K.A. Group owner Kinperium Industries says it will continue to invest in the 26,000-square-foot Georgia facility to support new product development and increased operational efficiencies across the organization, including shorter ordering lead times, enhanced product design, purchasing synergies, servicing support and company culture. “Metalcraft is an impressive organization that has developed a niche in the earthmoving industry. The company has a culture of hardworking and humble experts that mesh seamlessly with our family values in our existing Canadian and Wisconsin locations,” said Mike Palitsky, K.A. Group president and CEO. “They have a proven track record of bringing innovative solutions to the market that perfectly complement the breadth of our existing earthmoving product line offerings to the construction, mining and agriculture markets. I want to reassure Metalcraft dealers and customers that we are committed to retaining the Metalcraft brand and existing product offerings.” “We are excited to join the K.A. Group family in this next chapter of Metalcraft’s story. We see great advantages for our operations to build machines faster to match the high demand for our products. I look forward to accessing this new corporate horsepower to allow our Georgia team to focus on our manufacturing strengths and continue building our innovative equipment at exceptional value for earthmovers around the world,” says Ratzlaff. K-Tec and Ashland merged in 2020 and were acquired by Kinperium Industries in January 2022. All three brands will join together as part of the K.A. Group. Financial details of the transactions were not disclosed. Related Stories

K-Tec Portfolio Exits

1 Portfolio Exit

K-Tec has 1 portfolio exit. Their latest portfolio exit was Ashland Industries on February 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/8/2022

Acq - Fin

$99M

1

Date

2/8/2022

Exit

Acq - Fin

Companies

Valuation

$99M

Acquirer

Sources

1

K-Tec Acquisitions

2 Acquisitions

K-Tec acquired 2 companies. Their latest acquisition was Metalcraft Scrapers on May 17, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/17/2022

$99M

Acquired

1

2/28/2020

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/17/2022

2/28/2020

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired

Subscribe to see more

Sources

1

10

K-Tec Team

1 Team Member

K-Tec has 1 team member, including current President, Keith E Cowan.

Name

Work History

Title

Status

Keith E Cowan

Lincoln Electric

President

Current

Name

Keith E Cowan

Work History

Lincoln Electric

Title

President

Status

Current

Compare K-Tec to Competitors

A
Apex Precision Technologies

Contract manufacturing for large precision machine metal parts that end up in things like forklifts and pickup trucks.

T
Taylor Machine Works International

Taylor Machine Works International is a worldwide source for Taylor cargo and material handling equipment, parts, and service for all locations outside the United States and Canada.

Sudden Service Logo
Sudden Service

Sudden Service provides exclusive worldwide distribution of genuine Taylor OEM parts and forklift service for equipment designed, manufactured, and marketed by Taylor Machine Works. Backed by a network of parts and service centers, nationwide dealer support organizations, and factory trained service technicians, SSI is committed to providing parts and service support in the industry. Sudden Service also offers training schools for its service technicians on a regular basis, ensuring the best possible service to Taylor Machine Works' customers.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.