Heavy-duty engine parts manufacturer Industrial Parts Depot, LLC (IPD) has acquired Martin Wells, a manufacturer of valve seats and valves. Under the terms of the agreement, IPD acquires all of Martin Wells assets, including the Martin Wells and “Well-Tite” brand names. Well-Tite, a proprietary metal alloy, is considered a standard in the valve seat industry, IPD says.
“IPD is investing heavily in future growth through a combination of internal product development and external acquisitions,” says Brian Steffens, IPD’s director of business development. “We are very excited to add the broad range of Martin Wells valve train components to IPD’s portfolio.”
“IPD and Martin Wells both have a rich history, and share many of the same values, especially for high quality,” adds Mike Clogg, IPD president. “We welcome Martin Wells customers, suppliers and employees to the IPD Family.”