Fountain Industries acquires Multitech assets

Fountain Industries has acquired the assets of Multitech, a manufacturer of small commercial, institutional and industrial refuse compacting equipment marketed under the MaxPak brand. This will allow Fountain to focus on developing cost effective and socially responsible products for the institutional, industrial and commercial marketplaces, said Mark Olchefske, president of Fountain, a manufacturer of private label parts cleaning equipment. All operations have been consolidated at Fountain’s Albert Lea, Minn., headquarters.