Steril-KONI Announces Strategic Acquisition of ALM Corporation and Fleet America Service Technology Corporation

New product offerings and production facilities to positively impact continued growth

Oct 31st, 2008

On July 1, 2008, Stertil-KONI USA's parent company, Stertil B.V., acquired ALM Corporation based in Streator, Illinois. ALM, a 23-year-old manufacturer of lifts has been noted for quality manufacturing. ALM's acquisition fulfills Stertil-KONI's goal of establishing a world-class
manufacturing presence in the United States and a platform from which to supply the increasing global demand for the company's full range of heavy-duty lift products. Over the next six to eight months, the Streator facility will begin manufacturing Stertil-KONI's flagship product— the ST 1082 mobile column lift (rated at 18,000 lbs. per column).

Habitat Orlando recently broke ground on its biggest homebuilding effort to date: Staghorn Villas, an $8 million townhome community that will provide affordable housing for 58 local families. Representatives from the Orlando Utilities Commission (OUC) announced that they are donating $60,000 in energy-efficient features for the community. In addition, Siemens has currently pledged $30,000.

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