BendPak Inc. announces acquisition of key brand assets
On April 16, 2020, BendPak Inc. announced that the company had just finalized a deal to acquire various IP brands from related companies. As part of the deal, the company had now has ownership of Dannmar, MaxJax, and Garage Equipment Supply, all brands associated with car lifts. The deal is set to help BendPak's own brand be associated with a manufacturer for car lifts, in a bid to make the company more competitive in the market with more control over associated brands also associated with its business.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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