More on Foley Co.’s acquisition of GT Air Inject
Foley Co. purchased the assets of GT Air Inject, owner of Air2G2.
Air2G2 was founded in northeast Florida by Glen Black in 2010. Air2G2 is the manufacturer of the Air2G2 336, Air2HP, Air2GO and Air2G2 436R products.
“We have a new company in Florida called Foley Air, and that’s a wholly owned subsidiary of Foley Co.,” said Paul Rauker, CEO and president. “Our philosophy moving forward is we’re focused on above the ground and below. With Air2G2 focused on a decompaction and soil porosity, if you take that with your traditional aeration approach, you’ve created a much better solution to the health of the grass.”
Foley Co. is located in Prescott, Wis., and has designed and manufactured reel, bedknife and rotary blade sharpening equipment since 1926. The deal has been in the works for about 18 months.
“This was not a whimsical decision,” Rauker said. “It’s in line with a strategic plan that we have been executing here at Foley. As we move forward, this will not be the last one for us. We continue to look at organic growth, by us creating new products, and inorganic growth, like acquisitions that are a complement to our portfolio.”
He added, “We built a new global headquarters and moved on Oct. 26. This industry has a lot of life to it and a lot of opportunity, and in turn, this enables Foley to increase its manufacturing and engineering capabilities.”