Heavy-duty engine parts manufacturer Industrial Parts Depot has acquired Martin Wells, a manufacturer of valve seats and valves. Under the terms of the arrangement, IPD acquires all of Martin Wells assets, including the Martin Wells and Well-Tite brand names. Well-Tite is a proprietary metal alloy for the valve seat industry.
“IPD is investing heavily in future growth through a combination of internal product development and external acquisitions,” says Brian Steffens, IPD director of business development. “We are very excited to add the broad range of Martin Wells valvetrain components to IPD’s portfolio.”
Financial terms were not released. “IPD and Martin Wells both have a rich history and share many of the same values, especially for high quality,” says Mike Clogg, IPD president. “We welcome Martin Wells customers, suppliers and employees to the IPD family.”
