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Laguna Tools completes acquisition of Dake Corporation

November 27, 2019 - Laguna Tools Inc., Irvine, California, manufacturer of innovative automated machinery in the metalworking, woodworking, and signage industries, announced it has completed the acquisition of Dake Corp. from its parent company JSJ Corp. Dake Corp. is a metalworking company specializing in presses, bandsaws, and other machine tools.

In line with Laguna Tools’ growth strategy, the acquisition of Dake Corp. will provide Laguna with a solid and diverse platform for the continued development of its metalworking line of products and offerings.

Laguna Tools’ CEO Stephen Stoppenbrink comments: “The acquisition of Dake Corp. will build upon Laguna’s presence and market share in the metalworking space. Dake Corp. has skillfully built its brand, and by combining forces we will take it to the next level.” Stoppenbrink adds, “We continue to be impressed by the dedication, loyalty, and skill across the board with the Dake team – we are excited and eager to see what we will all accomplish together.”

“We intend to preserve and build upon the DNA that has made Dake Corp. successful in its industry,” states Brian Rosenberger, COO at Laguna Tools. Rosenberger also states: “A company like Dake Corp. that has been in business for well over 130 years knows a thing or two about longevity; we’ll be looking to leverage that knowledge.”

Torben Holshoj, founder and president of Laguna Tools, Inc says “We welcome the Dake team, its products, and heritage to the Laguna family, and are excited about the future.” Torben adds “The addition of Dake Corp. will instantaneously further Laguna’s presence in the metalworking world.”

Dake Corp. is the 2nd acquisition for Laguna in the past two years. In September 2017, Laguna Tools acquired SuperMax, a manufacturer and distributor of sanding/finishing equipment for the woodworking and metalworking industries, successfully growing it multiple times over.

 

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