Bartlett and Company, a 111-year-old Kansas City company, announced on Wednesday that it will merge two portions of its enterprise with Savage Companies, which is based in Salt Lake City. The deal will include Bartlett’s grain and milling businesses and the deal is expected to close in August.
According to the press release from Bartlett, the companies will combine to form a new business named Savage Enterprises. Savage’s chief executive officer Kirk Aubry will be the leader of the venture. “We’re thrilled to join forces with Bartlett, an established industry leader, and look forward to the opportunities for continued growth and success this new oganization makes possible,” said Kirk Aubry, Savage President and CEO. “By combining the operational and market expertise of both companies with our shared values of integrity, safety and reliability, we’ll grow stronger together and thrive for generations.”
“Partnering with Savage makes sense logistically and strategically, and we couldn’t be more excited at this opportunity to combine our strengths for the benefit of our customers and partners,” said Bill Fellows, Bartlett President and CEO. “Our customers and partners can count on our continued commitment to provide exceptional service with the same great teams and working relationships they’ve come to trust.”
The final price tag of this merger was not disclosed but the executive staff will consist of Bartlett Chairman James Hebenstreit joining the Board of Directors of Savage Enterprises and
becoming its Vice-Chairman; Bill Fellows will continue to lead Bartlett as President and CEO, and will also join the Board; Kirk Aubry will serve as President and CEO of the newly-formed entity.