Winston, GA – January 6, 2014. Solesbee’s Equipment & Attachments, LLC (Solesbee’s) announced today that it has moved from its former manufacturing plant in Douglasville, GA to a new facility in Winston, GA. The new facility should enable Solesbee’s to roughly triple its manufacturing capacity.
Solesbee’s is a leading designer and manufacturer of attachments for a variety of heavy construction equipment and material handling equipment. David Jenkins, President of Solesbee’s, said “This move has been long awaited and will provide us with the opportunity to significantly increase our production and increase material handling efficiencies. We have been steadily increasing our capacity to accommodate growing demand for our attachments, and we hope our new plant will enable us to expand our business and grow employment further in the coming months and years.” For more information on Solesbee’s please visit: www.solesbeesequipment.com.
Solesbee’s is owned by an investor group sponsored by Stanwich Partners, LLC (Stanwich), a Wilton, CT based private equity firm. Stephen Boeschenstein, a Managing Director of Stanwich, noted that “Since acquiring Solesbee’s in 2004, it has been our intention to upgrade its manufacturing facility. We delayed executing this plan due to the economic downturn in recent years, but we now feel conditions warrant the move. Solebee’s business has been growing meaningfully in recent years, and our greatest obstacle has been constrained manufacturing capacity. We expect the new manufacturing facility to unleash significant growth potential.”
Stanwich Partners LLC is a private equity investment company specializing in the acquisition of established and profitable, small to middle-market manufacturing, service, and value-added distribution companies. Stanwich frequently acquire stakes in companies with a long history of family ownership and corporate divestitures. For more information, go to www.stanwichpartners.com.