Cowin Global Manufacturing acquisition of Carico Systems
Client and Buyer: Cowin Global
Cowin Global is a logistics cart company headquartered in Sweden with major production operations in China.
Seller: Carico Systems
Based in Fort Wayne, Indiana Carico Systems manufactures and distributes logistics carts throughout the United States.
Cowin Global acquired Carico Systems from private shareholders. Carico Systems has a well-known brand name in logistics carts but the high cost of USA production and a flood of inexpensive poor quality product from Asia make it hard to compete. Combining high quality Asian production with American design and distribution is a win-win for both companies.
Broker/Dealer: OEM Capital
Completion: July 2009