Wenger Corporation in Talks to Acquire SECOA, Inc.

Wenger Corporation of Owatonna, Minn., and SECOA, Inc. of Champlin, Minn., announce that they are in advanced talks to combine the two companies. Under the proposal, the combined entity would be wholly owned and operated by Wenger. The shared vision of Wenger -- including its subsidiary J.R. Clancy -- and SECOA is to provide a superior value proposition featuring the highest quality products and services for all stakeholders in the performing arts industry, the company says.

After conducting exploratory conversations, the leadership teams of both organizations became excited about the synergies that exist, both strategic and tactical, with the combination of the businesses. By aligning the SECOA, Wenger and J.R. Clancy brands, Wenger expects to reinforce its position as a unique global provider of the broadest array of solutions in the industry, the company says.

Both companies plan to work diligently to effectively communicate and execute transition plans with their employees as well as external partners and other key influencers in the industry. The companies expect to finalize the transaction over the next six weeks.