Product category:
Hydraulics and Pneumatics
News Release from: Lovejoy
Edited by the Processingtalk Editorial
Team on 04 September 2003
Lovejoy announces significant European
expansion
Lovejoy, a leader in industrial coupling design, announces a significant international expansion into the hydraulic component market as the result of a joint venture with Rahmer and Jansen in Germany
Lovejoy, the leader in industrial coupling design, development and precision engineering, announces a significant international expansion into the hydraulic component market as the result of a joint venture entered into with Rahmer and Jansen GmbH in Werdohl, Germany Rahmer and Jansen concentrates 95% of its business in hydraulic components and is the second largest supplier of flexible shaft couplings to this market
This article was originally published on Processingtalk on 14 May 2003 at 8.00am (UK)
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This joint venture will operate under the title of Raja-Lovejoy GmbH.
The company will continue to produce and sell hydraulic components and flexible shaft couplings such as Spidex and Dentex brand names that have built a well-known reputation in Europe.
Lovejoy Europe, a primary supplier of quality power transmission parts, will still service the European market as well, moving its home base to Germany for a more centrally located customer service and warehousing facility.
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Both Lovejoy, and Rahmer and Jensen have built sterling reputations in the industry for their precision engineering and manufacturing techniques.
With Raja-Lovejoy, existing and potential customers can draw upon the Lovejoy unique breadth of product which includes more than 20,000 styles of couplings, and Rahmer and Jansen extensive sales and distribution networks.
The partnership between two industrial leaders in power transmission and hydraulic components, respectively, creates added value for customers through complementary product lines, worldwide customer service and technical organizations, and a combined synergistic vision.
The Raja-Lovejoy joint venture is just one of a series of strategic corporate partnerships, acquisitions, and business agreements designed to enable Lovejoy to continue its long-term growth and development in the global marketplace.
"This is exciting news for Lovejoy customers worldwide," says Michael Hennessy, CEO of Lovejoy, "this marks the sixth partnership agreement or corporate expansion concluded this year.
Taken together, these agreements send a clear signal that the company is growing, and that we are serious about becoming the dominant company in power transmission products".
"Our customers are building and operating manufacturing and processing facilities in Europe, South America and Asia.
They can turn to Lovejoy and know they are dealing with a company seriously committed to providing global service and the highest quality, most reliable couplings and now hydraulic components, to serve their needs".
Raja-Lovejoy GmbH will continue operations from the present location in Werdohl, Germany, of Rahmer and Jansen GmbH.
Bodo Jansen, CEO of Rahmer and Jansen, and his son, Jens Jensen, will remain associated with the new operations.
Founded in 1900, Lovejoy enjoys an international reputation as the leading company specialising in flexible coupling design and development.
Lovejoy products are available worldwide through distributors in North America and 45 other countries, supported by Lovejoy offices and support staff in Canada, Europe and the USA.
Lovejoy, is certified under the ISO-9001:2000 International Standards for Quality Management.
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