Hiab acquires US demountables manufacturer Galfab

Sweden-based Hiab, part of Cargotec, has entered into an agreement to acquire the U.S. demountables manufacturer Galfab, which makes roll-off hoists and related equipment for the domestic waste industry.

The acquisition will broaden Hiab’s demountable portfolio while Galfab’s equipment will be included in Hiab’s nationwide U.S. sales and service network.

Galfab is a designer and manufacturer of waste equipment of all types, known foremost for its roll-off hoist, a cable lift. The company was launched in 1992 by the Galbreath family and apart from the hoist designed by Don Galbreath, it also offers other products including compactors, containers and self-dumping hoppers.

The company’s headquarters and main manufacturing site is in Winamac, Indiana, but Galfab also has two sites in Phoenix, Arizona, and Houston, Texas. It currently employs around 100 people.

Galfab is owned by its employees and Mosaic Capital Partners LLC.

Galfab will become part of Hiab’s Demountables, Forestry & Recycling Cranes division. The division includes hooklift and skiploader demountables sold under the MULTILIFT brand, as well as JONSERED recycling cranes, known as material handlers in the U.S., and LOGLIFT forestry cranes.

“This is great news for new and existing customers. Galfab’s portfolio including the famous roll-off hoist will be integrated into Hiab’s US nationwide sales and service network. Together we are the second largest provider of demountables in the waste and recycling industry in the U.S. Galfab’s product portfolio including the popular roll-off-hoist is complementary to our offering and will help to introduce MULTILIFT products to new customers,” says Pauliina Kunvik, senior vice president for Demountables, Forestry & Recycling Cranes at Hiab.

“Hiab US is excited to be working with the team at Galfab. Together we will expand the new product and services offering to the customers, strengthening our position in the industry. We see many opportunities to grow the US business with Galfab and Hiab products together, supported by our nationwide sales and service network,” says James Oreck, vice president for North American Sales & Services at Hiab.

According to Hiab, this acquisition is in line with the company’s strategy to grow from its core businesses. As part of Hiab, Galfab and MULTILIFT equipment will be able to grow their sales faster in the U.S. waste and recycling segment by growing market share, through cross channel sales execution and significantly increasing the services share of total revenue, says Scott Phillips, president of Hiab.

The acquisition expands Hiab’s US manufacturing footprint that previously included the multi-assembly unit for WALTCO tail lifts in Streetsboro, Ohio. The acquisition is subject to passing the approval process of sellers and Hiab. Closing is expected to take place during the third quarter of 2021

“I am extremely excited about Galfab becoming part of the Hiab team. This is a perfect match for Galfab and will enable us to continue to provide the leading brand in the industry to our customers while adding more quality products,” says Galfab CEO Jerry Samson.