Atlas Copco to acquire Quincy, will expand global market
Atlas Copco has agreed to acquire Quincy Compressor from EnPro Industries, Inc. Company officials said the acquisition “supports Atlas Copco's profitable growth in North America and China, adding a strong brand and an extensive distributor network.” The acquisition is subject to regulatory approval.
Atlas Copco has agreed to acquire Quincy Compressor from EnPro Industries, Inc. Company officials said the acquisition “supports Atlas Copco's profitable growth in North America and China, adding a strong brand and an extensive distributor network.”
The acquisition is subject to regulatory approval.
Quincy Compressor has approximately 400 employees. It designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps, primarily under the Quincy brand. Atlas Copco plans to further develop the Quincy brand independently, in line with the Atlas Copco Group's established brand portfolio strategy.
“We look forward to working with Quincy Compressor and its strong distributor network. The strategic fit is very good and we will be able to better serve customers in the United States with an even more differentiated product portfolio,” said Stephan Kuhn, business area president, Atlas Copco Compressor Technique. “For Atlas Copco, this acquisition offers interesting synergies in both product design and supply chain management, while adding a strong brand for our continued growth.”
Quincy was founded in the 1920s and is headquartered in Bay Minette, AL. It has manufacturing facilities in Bay Minette, Quincy, IL, and in Kunshan, China. The products are sold through a network of independent distributors and agents. More than three quarters of the sales are in the United States.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
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Read more: 2015 Salary Survey