Natgun Corporation of Wakefield, MA, and DYK Incorporated of El Cajon, CA, jointly announced the merger of their companies on January 4, 2011, and the formation of their new parent company, DN Tanks, Inc.
Both companies specialize in the design and construction of prestressed concrete storage tanks used for potable water, waste water, chilled water, and other liquids. The merger of the two companies, with over 130 years of combined experience, creates the largest producer of wire and strand-wound prestressed concrete tanks in the world.
Initially, Natgun and DYK will operate under their existing names, as divisions of DN Tanks. As the integration process takes place, they will evolve into a single operating company. A four-member board of directors, comprised of Charles Crowley, William Hendrickson, William Crowley, and David Gourley, will lead DN Tanks, Inc. Charles Crowley and William Hendrickson will serve as co-CEOs.
Both DYK and Natgun design and construct prestressed concrete tanks in accordance with the American Water Works Association Standard D110. Each company brings specialized skills to meet varying project requirements. While there are some differences in the methods of tank construction, both companies share a commitment to quality, durability, and to delivering long-term value for their customers. The merger of the two companies into DN Tanks results in expanded construction capacity, unmatched technical expertise, and proficiency in multiple types of proven tank designs to provide customized liquid storage solutions for their customers.
“Our vision for the merger is to leverage the strengths of each company to become more efficient, and to increase construction capacity. That results in expanded opportunity for utilities and industries to enjoy the benefits of prestressed concrete tanks”, said DN Tanks co-CEO Charles Crowley. He also noted opportunity for employees. “By combining our two organizations, we will create an environment that will allow dedicated and talented employees from DYK and Natgun to thrive in the future.”
William Hendrickson, DN Tanks co-CEO stated, “The combination of DYK and Natgun into the newly formed DN Tanks brings together two very strong organizations. With our combined resources, we will expand our ability to deliver the best product and service to our clients. As a combined company, DN Tanks will excel in terms of solving problems, creating solutions, and delivering well-managed, conservatively designed, safe projects on time and within budget.”
With Operations Centers in Massachusetts, Texas, and California, as well as multiple Regional Offices, DN Tanks will serve clients nationally and internationally.
Natgun Corporation And DYK Incorporated Merge, Form DN Tanks, Inc.
January 11, 2011