Stiles, MINDA announce acquisition

Building on the long-term relationship between MINDA and Stiles, both companies are announcing MINDA’s immediate acquisition of Deal Manufacturing in North Carolina and the subsequent formation of MINDA North America.

MINDA’s acquisition of Deal Manufacturing and newfound presence in North America will further and better support Stiles’ efforts to grow the mass timber industry and continue their delivery of world-class customer service, the companies said in a statement.

Stiles will continue to be the sales, service and support partner, while MINDA North America will continue to integrate and manufacture various technologies necessary for the mass timber industry.

Charles Martin, who has been with Stiles for over eight years, will immediately become the president and CEO of MINDA North America, based in Granite Falls, N.C.

For more, visit www.minda.com and www.stilesmachinery.com.