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BayTek Finalises Purchase of Meltec Inc.
BayTek has officially announced their purchase of long-time novelty redemption manufacturer, Meltec Inc., was made final on Friday, September 5, 2003. A BayTek crew, headed by Operations Manager, Chad Schroeder, arrived in Oregon shortly thereafter, to coordinate shipping efforts of all existing assets. The inventory is being assessed and shipped to BayTek headquarters in Pulaski, Wisconsin, where a receiving crew awaits. The parts will be in transit for a short period of time, however, BayTek hopes to have everything received with minimal interruption in parts and technical service. As of September 10, 2003, all parts and service calls will be rerouted to BayTek.
Meltec was founded in 1980 by Mel McEwan, along with his sons, John and Mike, in Northern California. In 1993 they relocated the company to Tigard, Oregon. Both John and Mike served as chief executives until the acquisition was finalized. Meltec established their share of the FEC market with the introduction of their renowned air gun games, featured on Big Mouth, Knock Down, and Shootin Hoops. Meltec President, John McEwan, is "satisfied with the deal and knows BayTek will use their capable engineering and creative departments to expand the well-grounded product line."
BayTek's first order of business is to establish sound customer service and technical support for games already in the field. They intend to utilize Meltec's gun technology in future offspring. BayTek's engineering department is already working on a new design that will be shown at IAAPA. BayTek owner, Larry Treankler said, "I have always thought highly of Meltec games, and am working diligently with my sales staff to get these games back in the hands of our valuable distributor network. Providing the industry with proven product backed by our support team is a venture I am very enthusiastic about."
BayTek Inc. has gone through the acquisition process in the past and knows the dedication and leadership it takes to establish a sound service structure for acquired product lines. Limited assets of Coin Concepts were purchased back in 1997, followed by the purchase of Seidel Games, in 1999. Purchasing Seidel strengthened their product offering with hit titles like: WonderWheel, Smokin Token, Deep Freeze, and Speed Demon. BayTek has expanded their facility to accommodate for the growth, and have hired additional personnel to key in on their overall diversification objective.
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