MacLean-Fogg acquires OMCO, parent company of OMCO Solar

MacLean-Fogg's acquisition of OMCO, parent company of OMCO Solar, represents a strategic move to expand its presence in the renewable energy sector. By acquiring a U.S. manufacturer of solar tracker and fixed-tilt racking systems, MacLean-Fogg gains access to a key component supplier for solar energy projects. OMCO Solar will continue to operate as a distinct brand, suggesting MacLean-Fogg intends to leverage the existing brand recognition and market position of OMCO Solar within the industry. This acquisition allows MacLean-Fogg to diversify its industrial manufacturing portfolio and capitalize on the growing demand for solar energy infrastructure. While the financial terms of the acquisition were not disclosed, the deal is notable for its potential impact on the U.S. solar racking market. MacLean-Fogg, a global industrial manufacturer, brings significant resources and expertise to OMCO Solar, potentially enabling further innovation and expansion. The acquisition underscores the increasing consolidation within the solar supply chain, as larger industrial players seek to integrate vertically and capture a greater share of the value chain. The continued operation of OMCO Solar as a distinct brand suggests a focus on maintaining existing customer relationships and market share.