Thomas to acquire blower business
A
Rietschle Thomas product story
Edited by the Engineeringtalk editorial team
Oct 20, 2004
Thomas Industries has signed a letter of intent to buy the side channel blower business of Ruey Chaang Electric Co of Taipei, Taiwan.
Thomas Industries has signed a letter of intent to buy the side channel blower business of Ruey Chaang Electric Co of Taipei, Taiwan.
It is expected that the transaction will close by the end of 2004.
No other details were given regarding the terms of the purchase.
Ruey Chaang is a manufacturer of high-quality, low-cost side-channel blowers, with 2003 sales in excess of $7 million and 34 employees.
"The product offering of Ruey Chaang adds to our line of our side channel blowers produced out of Schopfheim, Germany", commented Timothy C Brown, Chairman, President and Chief Executive Officer of Thomas Industries.
"We see opportunities for growth and global distribution of an expanded side channel line", he added.
Ming-Yung Lee, General Manager of Ruey Chaang, will assist Thomas Industries for the interim to assure a smooth transition.
Ruey Chaang will be merged into the operations of Rietschle Thomas Taiwan.
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