By Clint Wolf - September 6th 2023
Stainless Tank and Equipment (STE) is building a new state-of-the-art manufacturing facility off of Shopiere Road/County Road S near Interstate 39/90.
The new facility is expected to be complete in early 2025. This represents a significant investment in the Beloit area community and will result in a doubling of the current STE production workforce, a news release from the company stated.
STE currently operates a facility at 801 Fourth St. in downtown Beloit.
STE manufactures semi-truck tanks that are used to haul food (such as milk), fertilizer, sanitary materials and more. Over 50 years ago as the company started in a garage in south central Wisconsin, STE set out to deliver a higher engineering and manufacturing excellence standard in the liquid tank industry. STE has developed a reputation for meeting and exceeding the most demanding bulk hauling requirements for the chemical, milk, and sanitary transport industries.
In 2006, Hendricks Holding Company, Inc. acquired STE. Since then, STE has grown its brand and diversified its offerings to include a complete parts and service department to better service and supply the growing tank trailer industry.
“The investment by Hendricks Holding Company, Inc. allows STE to continue to grow its strength, product offering, and presence in the tank trailer industry. This investment also gives STE the capability to access new markets and increase value for our customers through higher quality engineered products,” said Chris Sipe, President of STE.
“STE is part of the Hendricks Holding Company, Inc. portfolio of businesses that manufactures a quality product, by quality people,” said Brent Fox, CEO of Hendricks Holding Company. “Our customers are asking us to expand our product offering, and capacity to grow with them. The current facility in downtown Beloit is situated in a place where expansion would be extremely challenging and disruptive to the business. The location at Shopiere Road and I-90/39 allows us to accommodate our growth initiatives, and our dedication to our quality workforce, the greater Beloit community, Rock County and Wisconsin.”
Corporate Contractors Inc. (CCI) is performing construction work on the new site.
The Hendricks’ started their business journey in the early 1970s in Beloit, investing in real estate and owning and operating a growing roofing company. In 1982, they founded American Builders & Contractors Supply Co., Inc. (ABC Supply).
In 2001, Hendricks Holding Company, Inc. was established as a private investment firm. The focus is investing in and supporting a diverse portfolio of financially strong and sustainable companies.
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