Oramac, Inc. and Southern Specialty Services, LLC are pleased to announce that they have agreed to a transaction where Southern Specialty Services will acquire the assets and ongoing business of Oramac. This strategic acquisition will further strengthen the two complementary organizations and uniquely position them for growth and the ability to provide a comprehensive array of parts and services to the pulp and paper industry. The transaction will close as of August 1, 2017 and Jeff Oram will remain with Southern to ensure a smooth transition as the full line of Oramac branded parts will continue to be sold and serviced by Southern Specialty Services.
James Hickman, CEO of Triosim Corporation, the parent company of Southern Specialty Services, said: “Jeff Oram and his team have created a truly special company and we could not be more excited to add them to our family. When we bought Southern Specialty Services we made a commitment to invest in the business and aggressively grow our offering of products and services in the pulp and paper industry. The purchase of Oramac is one way we are living up to that promise and we are excited about the additional potential this brings to our organization.”
Jeff Oram, President and Owner of Oramac, said: “My team and I have put a tremendous amount of effort over the years into building Oramac into a world-class company. A company known for providing an exceptional level of quality and service. I’m confident that this is the best strategic fit and will allow both organizations to reach new levels. We look forward to the opportunity to provide a more comprehensive set of products and services to our customers.”
Learn more about Southern Specialty Services, LLC here: http://southernspecialty.triosim.com
Learn more about Oramac here: http://www.oramacinc.com/