NewswireToday - /newswire/ -
Stockholm, Sweden, 2010/07/05 - Atlas Copco Compressors, LLC, has purchased certain assets of American Air Products, Inc., USA.
The acquired business has been a long-serving, Atlas Copco compressor distributor for many years in the states of Minnesota, North Dakota, South Dakota as well as areas of Wisconsin.
“Feet on the street and maintaining the closest relationship with the customer continues to be a high priority for us,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique. “This acquisition gives us the opportunity to bring some experienced sales and aftermarket people into Atlas Copco, and will allow for an even greater customer focus.”
The acquired business, operating on the market under the name Clayhill, has a well developed customer base and market presence within the region. Sales mainly consist of Atlas Copco branded compressor equipment and parts. The economic activity in this region is both varied and competitive and offers a good opportunity for Atlas Copco to grow customer relationships going forward.
Approximately 18 employees will join Atlas Copco from American Air Products as a result of this acquisition. The American Air Products business will be incorporated into the Central Region of Atlas Copco Compressors in the USA. The Clayhill name will be used for an interim period.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0).
Atlas Copco’s Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
T: +32 (0)3 870 2938 or +32 (0)474 881 154