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11.01.2005 Thomas Industries Acquires Side Channel Blower Business |
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Thomas Industries Inc. announced that is has finalized the acquisition of certain assets of the side channel blower business of Ruey Chaang Electric Co., Ltd. of Taipei, Taiwan. The side channel blower business had sales of approximately nine million dollars in 2004 and has 34 employees. "This acquisition provides us with capabilities to produce a high quality, low cost side channel blower," said Timothy C. Brown, Chairman, President and Chief Executive Officer of Thomas Industries Inc. "This will enhance our Asian presence and provide further opportunities for growth through our global distribution network," he added. |
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