Thomas Acquires Aldax AB
Thomas Industries Inc. announced the acquisition of Aldax AB, of Stockholm, Sweden, for an undisclosed amount. For the past 8 years, Aldax has served as the distributor for Thomas pumps and compressors in Scandinavia. Annual sales for Aldax are under five million dollars.
Aldax, which will be renamed Rietschle Thomas, will be responsible for selling the full range of Rietschle Thomas products into Sweden, Finland and the Baltic States, and will be operated as a wholly owned subsidiary of Thomas Industries.
Thomas Industries Inc., headquartered in Louisville, Kentucky, is the recognized leader in the design and manufacture of Rietschle Thomas brand pumps and compressors for use in global OEM applications, supported by worldwide sales and service for key customer applications and end-user markets. High quality automotive component castings are also a key offering. Other products include Welch laboratory equipment and Oberdorfer centrifugal and rotary gear liquid pumps. The Company also owns a 32 percent interest in Genlyte Thomas Group LLC, the third largest lighting fixture manufacturer in North America. Thomas has operations in North & South America, Europe, Asia, and Australia.
Source: Thomas Industries, Inc.