May 2, 2014
Caster Concepts Inc., Albion, Mich., a manufacturer of heavy-duty industrial casters and wheels, has acquired the assets of Modern Suspension Systems of Rockford, Ill.
The tread tray carts and die cast business that has been a part of Modern Suspension Systems remains under the control of MS Holdings Rockford LLC. MS Holdings Rockford becomes a distributor of Caster Concepts products as part of the acquisition.
As part of the transition, Farrel Tedder, president of MS Holdings Rockford LLC, remains on as an adviser. Caster Concepts is moving all operations of Modern Suspension Systems to its U.S. base in Albion.