Entegra Buys Bloom
Oct. 13, 2020 - In July of this year, a new holding company, Entegra Attachments LLC, of Saint Charles, Illinois, bought Bloom Manufacturing Inc, a 110-year-old manufacturer of standard and custom designed hydraulic winches, speed reducers, parts, and accessories, located in Independence, Iowa.
Entegra Attachments focuses its investments on manufacturers who offer highly unique product and service propositions across an array of industrial stationary and mobile attachment platforms.
“Bloom’s unique value proposition and 110-year legacy of high-quality products, backed by substantial intimate knowledge and engineering expertise, is exactly the unique mix we were looking for,” said Entegra CEO Michael Flannery. “We believe Bloom’s significant service attributes along with a wide array of standard and custom designs tailored to customers’ unique needs and further enhanced by increased investment, offers strong potential for sustained growth.”
Bloom’s business designation has been modified to Bloom Manufacturing LLC.
Mark Collett, Blooms’ current president, said “The LLC designation is the only thing that will change, with respect to who Bloom Manufacturing is and what we stand for. I chose to sell to Entegra, due to their desire to maintain the same strong product and service mix that Bloom’s customers have relied on for many decades.”
Collett added that increased investment from the company’s new owners will enable Bloom to expand as a one-stop shop for the highest quality hydraulic winches and speed reducers.
Josh Weig, Bloom’s general manager, said that he and the entire Bloom team are excited about the next chapter in the story that founder J.S. Bloom began in 1910.
The company’s first product was a wooden corn crusher. It evolved to other agriculture material handling products and eventually into winches and speed reducers. “One can only imagine what the future holds for this very creative and entrepreneurial company,” said Weig.