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Acquisitions Marmon Group

Fontaine Modification Acquires Truck Upfitter ProBilt Services of Ohio

(BRK.A), (BRK.B)

Fontaine Modification has acquired truck upfitter ProBilt Services of Ohio, Inc., along with the company’s 30,000 sq. ft. facility located less than half a mile from the Kenworth assembly plant in Chillicothe.

The facility, which also has parking for more than 100 trucks, becomes Fontaine’s ninth U.S. modification center.

Fontaine Modification is a Marmon Highway Technologies (MHT) company, and part of The Marmon Group, a Berkshire Hathaway Company.

The team at Fontaine’s new Chillicothe facility will provide fleet in-servicing and vehicle modifications to Kenworth trucks. A ship-thru agreement with Kenworth means customers can have their modifications completed and their trucks made “ready to work” without additional transportation time and expense. Services include equipment and graphics installation, pre-delivery inspections, cab modifications and custom vehicle modifications.

“We’re excited to acquire this well-run operation with a good crew of technicians and a long list of happy customers,” says Paul Kokalis, Fontaine Modification president. “We look forward to putting our more than 30 years of truck post-production leadership to work for Kenworth customers around the country.”

Fontaine operates two additional modification centers in Ohio, one in Springfield and another in Avon Lake. The company also has three locations in North Carolina, two in Texas and one in West Virginia. Fontaine plans to retain ProBilt’s Chillicothe team.

“We’re proud of our Chillicothe team and the business relationships we have made there,” said Toney Fitzgerald, principle owner of ProBilt. “While we are sad to leave Chillicothe, we trust Fontaine Modification will nurture and grow this business to its full potential. This move allows us to focus on our home operation in Denton, Texas.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Lubrizol

Lubrizol Plans Collaboration with CP Kelco

(BRK.A), (BRK.B)

The Lubrizol Corporation has formed an exclusive global collaboration with CP Kelco, servicing the personal and home care markets with PURLLON(TM) Cellulose Liquid and KELCO-VIS(TM) Diutan Gum products.

Based in Atlanta, Georgia, CP Kelco is a market leader offering innovative products and solutions using nature-based chemistry.

The new relationship combines Lubrizol’s formulation expertise with CP Kelco’s broad knowledge of more sustainable solutions. This allows our technical teams the ability to expand our formulation expertise, bringing innovative solutions with increased naturality without compromising performance.

With this collaboration, Lubrizol will exclusively service the personal and home care markets for CP Kelco’s innovative Fermentation Derived Cellulose & Diutan Gum technologies.

Vice president and general manager of Personal, Home and Health Care, Deb Langer states, “We are always looking for ways to expand our offerings to our partners and the team is excited to elevate our sustainable portfolio with CP Kelco® Fermentation Derived Cellulose and Diutan Gum products.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.