Minnesota industrial equipment maker Nott Co. has acquired rotational molder Dakota Molding Inc., diversifying the product range for the maker of seals, gaskets and other components.
Arden Hills, Minn.-based Nott said it bought the Fargo, N.D., rotomolding company to simplify sourcing for its customers and add complex tanks made from cross-linked high density polyethylene, nylon 6 and other materials to its capabilities.
Terms were not disclosed. Nott announced the acquisition May 5. The company has been renamed Fargo Molding.
"The addition of Dakota Molding Inc. brings custom rotomolded tank capabilities to our line of system solutions, giving our customers access to a simplified supply chain for a full line of system related products," said Nott CEO Markus Rauchhaus in a statement.
Rauchhaus and the company did not respond to messages seeking further comment.
Nott said Fargo Molding makes low-permeation fuel tanks, hydraulic tanks, cooling system surge tanks, custom molded ducts and custom molded fuel tanks.
The rotomolder was founded in 1996 and had an estimated $12.5 million in rotomolding sales in 2021, according to the 2022 Plastics News ranking of North American rotomolding firms. That made it the 43rd-largest firm by annual sales. This year the company remains at No. 43, but with $14 million in sales.
The company has an estimated 60 employees and five rotomolding machines, according to the PN ranking. Fargo Molding works in the agricultural, industrial and construction industries, among others.
Nott has several hundred employees at 10 locations around the Midwest, with divisions supplying engineered materials, mobile fluid power, industrial fluid power and industrial engineered solutions.