The Association for Corporate Growth (ACG) Maryland Chapter, the premier network for middle market deal makers, awarded the prestigious “Deal of the Year Award” to Ellicott Dredge Enterprises, LLC for its purchase of selected assets from Rohr Corporation.
In March 2011 Ellicott Dredge Enterprises, LLC acquired selected US assets of Rohr Corporation, including its backlog and intellectual property, as well as the shares of Rohr Bagger GMBH, which has a manufacturing plant in Mannheim, Germany. This international acquisition added yet another line of dredges to Ellicott’s current range of product offerings to provide customers with the best possible range of dredging solutions across various applications. Rohr serves the sand & gravel, aggregate, and mining industries worldwide offering customers the lowest-cost-per-ton for sand & gravel recovery, and the ability to extend the life of existing deposits with state-of-the-art automated floating clamshell and bucket ladder dredge systems especially for hard digging and deep digging applications.
Rohr’s dredges are all electric and have a regenerative capability for energy efficient operation further reducing the energy consumption and lowering the cost per ton operating cost. Of Rohr’s many patents, its Bucket Monitoring and Diagnostic Systems offers customers further production efficiencies, increasing production and enhancing safe operation.
Ellicott President Peter Bowe noted that “ Rohr’s technology, especially in automation and electrical power, will complement and supplement our existing engineering resources serving our other dredge brands and products.” Rohr’s Managing Director Heiko Osterchrist commented that this combination with Ellicott not only allows Rohr to increase its international exposure to new markets and industries, but also expands Ellicott’s production capability through Rohr’s German operation. Jochen Rohr, President of Rohr, stated “being part of the Ellicott family has been an excellent strategic move for both companies that allows for cross selling of product lines. ”
Ellicott Dredge Enterprises, LLC has been nominated for the Deal of the Year award 2 other times in the past 4 years.
“It is vital for us to promote the fact that business continues to thrive in Mid-Atlantic US across a broad array of sectors,” said ACG Maryland President Christopher Kreeger , of Kreeger Consulting. “ We all hear about the economic challenges, but our region is home to some of the most dynamic and active corporations in America such as Ellicott. For the economic health and viability of this area, these companies need to know their work is recognized, and companies outside our area need to hear that this a good place to do business, ” Kreeger concluded.
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Dredging Today Staff, December 11, 2011; Image: Rohr Dredge