Thomas Industries buys Taiwan manufacturer

Edited by the Processingtalk editorial team Oct 21, 2004

Timothy C Brown, Chairman, President and CEO of Thomas Industries has announced signing a letter of intent to buy the side channel blower business of Ruey Chaang Electric Co Ltd of Taipei, Taiwan

Thomas Industries signs letter of intent to acquire Ruey Chaang Electric Co Ltd.

Timothy C Brown, Chairman, President and Chief Executive Officer of Thomas Industries has announced the signing of a letter of intent to buy the side channel blower business of Ruey Chaang Electric Co Ltd of Taipei, Taiwan.

It is anticipated that the transaction will close by the end of this year.

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 USD7,000,000 (GBP3,900,000).

The company has 34 employees.

"The product offering of Ruey Chaang adds to our line of our side channel blowers produced out of Schopfheim, Germany," commented Brown.

"We see opportunities for growth and global distribution of an expanded side channel line," he added.

Mr 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.

Thomas Industries, headquartered in Louisville, Kentucky, designs, manufactures and markets 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 bronze and high alloy liquid pumps.

Thomas has wholly-owned operations in 21 countries, spanning five continents.