Knaack in Crystal Lake sold for $115M
CRYSTAL LAKE – Parent company Emerson has sold Crystal Lake-based Knaack LLC to a Pennsylvania company for $115 million, but it wasn’t immediately clear how the deal might affect local employees.
Knaack, which makes job site storage equipment and tool boxes for trucks and vans, has a 450,000-square-foot facility at 420 E. Terra Cotta Ave. with 285 employees.
No layoffs were planned, said Emerson spokesman Mark Polzin.
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