Virginia, Ill. — Precision Tank, a specialized tank and equipment manufacturer, announced on May 28 that it had acquired A&B Welding of Thompson, Iowa, a manufacturer of field-erected tanks and a provider of general contracting services in the liquid fertilizer and chemical construction industry. Precision said it will be able to offer additional products and services to “agricultural retailers throughout the Cornbelt” as a result of the acquisition, and said the transaction is part of its growth strategy to expand and diversify in the agricultural tank marketplace. Arlin Kiel, who founded A&B Welding with his late wife Betty in 1979, will remain as president, and the company’s staff of more than 40 will remain in their current positions. The company will also continue to operate under the A&B Welding name. “Combined, we will be able to offer a full range of tanks, from smaller stainless, fiberglass, and mild steel tanks all the way up to tanks with a 3 million gallon capacity,” said David Hemming, CEO and president of Precision.
Transparency Across the Fertilizer Value-Chain