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Conner Industries, Fort Worth, Tx., has acquired Denver Reel & Pallet, Denver, Co., and then pooled its assets into a joint venture with Anderson Pallet & Crate, Sedalia, Co.
The new joint ventured, Conner Colorado, LLC, the company will be contributing the assets of its previous acquisition of
While Denver Reel & Pallet and Anderson Pallet & Crate will now be part of joint venture Conner Colorado, LLC, both locations will operating under their current names. Jason Anderson will now serve as president of both companies.
“This joint venture with Anderson Pallet & Crate aligns our products and services with the needs of our customers, and is an outstanding strategic development for Conner,” said Conner CEO David Dixon. “The combination of assets will serve as an ideal platform to broaden our reach into the Colorado and front range markets, and exemplifies Conner’s commitment to adapting to our customers’ ever-changing need for solutions that reduce the total cost of packaging.”
With 40 years in the pallet and crate business, Anderson Pallet & Crate specializes in highly complex industrial packaging designs for a wide range of manufacturing customer verticals, including oil & gas, HVAC, aircraft & aerospace, railroad, military, and more. The 20,000-sq. ft. manufacturing facility is minutes from I-25, just south of Denver, and comes with a team of 20 employees. With recent investments in new automation equipment for processing lumber and assembled items, the joint venture is expected to be highly successful for both parties.
“As a leading provider of industrial packaging, we believe Conner, and the assets of Denver Reel & Pallet, makes for a perfect joint venture partnership for Anderson Pallet & Crate,” said Jason Anderson. “With our common growth mindset, I’m excited to lead these two great companies as they continue to expand their reach into growing markets in the Rocky Mountain region.”