OWATONNA, Minn.--(BUSINESS WIRE)--Wenger Corporation of Owatonna, Minn., and SECOA, Inc. of Champlin, Minn., are pleased to announce that they are in advanced talks to combine the two companies. Under the proposal, the combined entity would be wholly owned and operated by Wenger. The shared vision of Wenger – including its subsidiary J.R. Clancy – and SECOA is to provide a superior value proposition featuring the highest quality products and services for all stakeholders in the performing arts industry.
After conducting exploratory conversations, the leadership teams of both organizations became excited about the synergies that exist, both strategic and tactical, with the combination of the businesses. By aligning the SECOA, Wenger and J.R. Clancy brands, Wenger expects to reinforce its position as a unique global provider of the broadest array of solutions in the industry. This transaction would mark another milestone in Wenger’s continuing commitment to provide the most comprehensive offering of innovative products, project management, superior installation, and aftermarket services in the industry.
Both companies plan to work diligently to effectively communicate and execute transition plans with their employees as well as external partners and other key influencers in the industry. The companies expect to finalize the transaction over the next six weeks.
About Wenger Corporation
Wenger
Corporation provides high-quality products and solutions for performing
arts, music education and athletic facilities. Wenger and J.R. Clancy
together create innovative products and services for performing arts
facilities across the globe with acoustic, stage engineering, seating
and storage solutions. Wenger also serves the athletic market by
offering GearBoss® equipment storage and transport products.
For 70 years Wenger has been listening to our customers' needs and designing and manufacturing smart, durable and functional products to meet those needs. Founded in 1885, J.R. Clancy designs and manufactures high-quality rigging and theatrical equipment. For more information, call Corporate Communications at 1-800-4WENGER or visit www.wengercorp.com.
