Don Kosolofski, President and CEO of Micada, announced an agreement to receive a strategic investment and enter into a partnership with Warrior Mfg. LLC. The company did not disclose financial terms of the transaction.
Micada was founded in 1979 and manufactures hopper bottom bins, grain bins, and other grain storage accessories for the on farm agricultural grain storage market. Micada also manufactures catwalks, tower support systems, storage and silo cones, fall safe systems, and bulk weighers for the off farm commercial grain handling industry. Micada operates out of production facilities in Hope, North Dakota.
Kosolofski will continue in his role as president and CEO of the company. “We are partnering with Warrior because of its stellar reputation in the agribusiness industry. Our partnership will enable Micada to offer its product mix to a wider range of customers and help us to continue our growth” said Kosolofski.
Paul Soukup, President of Warrior said: “Micada is positioned for growth as it continues to innovate and add to its product mix. Building on Micada’s loyal customer base, we believe there is significant opportunity to expand our current portfolio of products, our geographic reach, as well as accelerate growth internationally. The partnership will also provide Warrior with entry into the on farm grain storage market.”
Warrior was founded in 1978 and provides material handling and structural steel services for the grain handling, ethanol, biodiesel, mining, water treatment, refining and sand and gravel operations. Warrior operates out of production facilities in Hutchinson and Redwood Falls, Minnesota.