Kruckeberg Industries has entered into a Management Agreement with Stinar Corporation
05 January 2017
Kruckeberg Industries has entered into a Management Agreement with Stinar Corporation. Stinar, a subsidiary of Oakridge Holdings Inc., is a supplier of ground support equipment to the aviation industry. Under the Management Agreement, Kruckeberg Industries will provide management and oversight services of Stinar’s day-to-day operations. This represents the completion of phase 1 of a cooperation leading to the eventual acquisition of Stinar by Kruckeberg Industries. “The Kruckeberg team is pleased to have the opportunity to work with Stinar to move the company forward,” noted Craig Kruckeberg, CEO of Kruckeberg Industries. The initial Stinar management team will include Jim Richards and Christopher Thorpe of Kruckeberg Industries who will serve as General Manager and CFO respectively. Robert Harvey and Robert Gregor of Stinar will continue as CEO and Vice President of Sales and Marketing respectively.