DALLAS, TX – May 3, 2021 – Ultara Holdings, Inc., announced the divestiture of its Latec Instruments and Machine Control Supply businesses in Ontario.
Mr. Rob McIntosh, a founding minority owner of Machine Control Supply and the long standing General Manager for both companies, is acquiring 100% of both companies from Ultara Holdings and will take the companies private.
Latec Instruments is a specialty research, design and manufacturing company. Latec began manufacturing operations in 1994 and has been designing, manufacturing, and distributing construction, agricultural, surveying and recreation specialty laser and machine control solutions for leveling and alignment applications. Latec manufactures and private labels under well-known industry brands, Futtura and Level Ice.
Machine Control Supply Company opened its manufacturing facility in 2013 and builds high quality, low priced after-market cables, hydraulics, installation kits, brackets and mounts that are specific to the machine control Industry.
“These divestments will enable us to prioritize and focus efforts in our core business areas,” said Mr. Scott Beathard, President and CEO of Ultara Holdings. “We focused on finding the right partner to maximize the value of these trusted products and maintain continuity of supply for the customers who depend on them. We are confident that Mr. McIntosh is the right partner for those customers.”
ABOUT ULTARA HOLDINGS
Ultara Holdings, Inc. owns and operates technology-based distributing and manufacturing companies throughout the US and Canada. Our portfolio of investments are industry-leading manufacturers, wholesale distributors and retail dealers of positioning, leveling, alignment, measurement, guidance and grade control solutions. We design, distribute and support productivity tools that enable our customers to do their jobs, better, smarter and faster. For more information visit: www.ultaraholdings.com