Atlas Copco has agreed to acquire Quincy Compressor from EnPro Industries Inc. The acquisition, subject to regulatory approvals, supports Atlas Copco’s growth in North America and China, adding a strong brand and an extensive distributor network.
Quincy Compressor designs and manufactures reciprocating
compressors, rotary screw compressors and vacuum pumps, primarily under the
Quincy brand. Atlas Copco plans to further develop the Quincy brand
independently, in line with the Atlas Copco Group’s brand portfolio strategy.
“We look forward to working with Quincy Compressor and its
strong distributor network. The strategic fit is very good, and we will be able
to better serve customers in the United States with an even more differentiated
product portfolio,” says Stephan Kuhn, business area president, Atlas Copco
Compressor Technique. “For Atlas Copco, this acquisition offers interesting
synergies in both product design and supply chain management, while adding a
strong brand for our continued growth.”
Quincy was founded in the 1920s, and is headquartered in Bay
Minette, Ala. With approximately 400 employees, it has manufacturing facilities
in Bay Minette, as well as Quincy, Ill., and in Kunshan, China. The products
are sold through a network of independent distributors and agents. More than
three quarters of the sales are in the United States.
Atlas Copco to Acquire Quincy Compressor
December 21, 2009