Hunter Industries and Senninger Irrigation announce today their entrance into a due diligence phase toward an intended acquisition of Senninger Irrigation by Hunter Industries. Hunter and Senninger have been strategic partners since 2004 through an OEM relationship.
This acquisition adds to Hunter's growing revenue stream through expansion into Senninger’s?markets.?“Hunter?and Senninger combine to create a very talented team of engineers and manufacturing professionals. We are very excited about working together with their teams to bring innovations to our shared channels,” said Greg Hunter, CEO at Hunter.
“There has been an opportunity for both companies, over three decades, to casually observe each other’s development and behavior, providing insight into the character and reputation of each respective company, their founders and management. Cultural alignment was a key factor for both organizations in opening discussions focused on an acquisition,” said Mr. Burks.
The due diligence phase is expected to complete by mid-September. As always Senninger will continue to provide the high quality products and services, its customers have come to expect.
