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Stellar Announces Acquisition of Elliott Machine Works
Stellar Industries, a manufacturer of mechanic and service trucks, cranes, tire service trucks, hooklifts, trailers and service truck and van accessories, recently announced the acquisition of Elliott Machine Works, Inc. This strategic investment is aimed at enhancing Stellar’s growth, expanding its product offerings and providing greater opportunities for Stellar distributors, customers and employee-owners. Elliott Machine Works is recognized for its production of mobile fuel and lube service equipment since 1948 and is known for its innovative and high-quality products. Their portfolio includes fuel trucks, lube trucks, water trucks, lube skids, vacuum tanks and other mobile service equipment. As an employee-owned company, Stellar is committed to fostering a workplace where every employee-owner has a stake in the company’s success. The Employee Stock Ownership Plan (ESOP) structure allows employees to become beneficial owners of the company, aligning their interests with the overall performance and growth of Stellar. This alignment not only promotes a culture of collaboration and shared success but also motivates employees to contribute actively to the company’s innovation and quality initiatives. Through the ESOP, Stellar empowers its workforce, ensuring that employees are directly rewarded for their contributions, fostering a sense of belonging and investment in the company’s future. Stellar looks forward to serving existing and new customers with an enhanced product line while also welcoming Elliott employees into the Stellar family, all under a continued commitment to innovation and quality.
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