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Continued: Wilson Tool is out to buy new kinds of manufacturers

  • Article by: DEE DEPASS , Star Tribune
  • Last update: March 2, 2014 - 10:04 AM

“Many of these firms don’t know they want to sell yet,” Robinson said. “There are a lot of original entrepreneurs who are 55-plus years old and they don’t have a contingency plan for moving forward. We think we can take [such a business] to the next level.”

Wilson Tool has some experience doing just that. It purchased four private tool companies in four years: The factories, two in Canada, one in South America and one in Italy, increased revenues by 10 percent.

But for this new effort, “We want to stay close to home,” Johnson said.

 

Dee DePass • 612-673-7206

Staff writer Patrick Kennedy contributed to this report.

 

 

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  • Family owned Wilson Tool International is hunting for other small manufacturers who can take the White Bear Lake firm into new industries. Paul Johnson, President of Corporate Development, left, with Brian Robinson, CEO, are heading the new Wilson Venture Group, a $40 million venture capital fund that will be used to buy small manufacturers. They’re on a the floor of their plant Thursday afternoon, February 27, 2014 in White Bear Lake. ] JEFF WHEELER ‘Äö√Ѭ¢ jeff.wheeler@startribune.com ORG XMIT: MIN1402272314070782

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