Steiner Electric Co., Elk Grove, Ill., announced plans to purchase select assets of State Electrical Supply, Janesville Wis. Steiner will continue servicing State’s customers as the company’s founder Ellen Ramberg transitions into retirement. “After nearly 60 years, Ellen is thrilled that State has found a new home with the Steiner family,” said Dennis Ramberg, the founder’s son.
During this transition, State will be selling their current location and liquidating inventory and other miscellaneous assets. Calls and new orders were forwarded to Steiner’s Rockford location effective Nov. 8. Jeff Izenstark, Steiner Electric’s executive V.P., said, “We’ve earned a strong market position servicing the southern Wisconsin market for over 30 years through our Rockford location. Dick Watson, Steiner V.P. of branch operations will be evaluating our options for our new Wisconsin location. State Electrical Supply, a division of Steiner, gives us the opportunity to officially establish a Wisconsin warehouse and counter operation to support industrial, OEM and contractor customers within the Madison, Janesville and surrounding markets.”
The company’s last acquisitions were its 2011 purchases of two industrial distributors, Inland Cutting Products and the Industrial Sling Co., both of Countryside, Ill. The two industrial supply companies were separate divisions of the same company, and are now part of Steiner's Crown Industrial Supply Division. Steiner started that division in 1998 with the acquisition of Crown Industrial Supply Co.
Inland Cutting Products services a broad selection of industrial supply products such as band saw blades, cutting tools, metalworking fluids and lubricants throughout the Chicago metropolitan market and other parts of Illinois and northwest Indiana. Founded in 1982, the company is a distributor of metalworking supplies and equipment that focuses on the steel processing and metalworking industry in the greater Chicago area, northern Illinois and northwest Indiana, providing integrated supply solutions, product application and other services. According to information on its website, Industrial Sling is a 58-year-old fabricator of wire rope, chain and nylon slings.