Kansas City’s Bartlett and Co., Utah conglomerate to merge
KANSAS CITY, Mo. (AP) — Kansas City-based Bartlett and Co., is merging into a Utah-based conglomerate.
The companies announced the merger Wednesday but the terms weren’t released. The Kansas City Star reports the merger will fold Bartlett, which formed in 1907, into Savage Companies, based in Salt Lake City. The transaction is expected to be completed in August.
Savage provides services to such industries as oil refinery, power generation and chemicals. Bartlett is involved in the grain merchandising, cattle feeding and milling industries. The merger doesn’t include Bartlett’s cattle-feeding operations, for which it is seeking alternatives that could involve a separate buyer.
The announcement said employees of both companies will continue to work at their current locations.
Bartlett recently settled federal action stemming from a 2011 explosion at a grain elevator in Atchison, Kansas, that killed six workers.
Information from: The Kansas City Star, http://www.kcstar.com