ALBION, MI - Caster Concepts Inc. has acquired the assets of Modern Suspension Systems. Effective immediately, the operations for the Rockford, IL-based Modern Suspensions will be moved to Caster Concepts' facility in Albion, MI.
Terms of the acquisition were not released. The buyout impacts Modern Suspension's line of shock isolation and shock absorption casters; the tread tray carts and die-cast business is not effected and remains under MS Holdings Rockford LLC. The company said MS Holdings Rockford also will become a distributor of Caster Concepts' products as part of the acquisition.
Caster Concepts produces industrial casters and wheels for a variety of markets including: wood products, automotive, aerospace and food service.
“Modern Suspension Systems is a pioneer in shock absorption casters, supplying products to critical applications for the past 50 years. Caster Concepts will carry on a great tradition of excellent products and superior customer service,” said William H. Dobbins, Caster Concepts president.
Farrel Tedder, president of MS Holdings, will remain on board as an adviser.
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