Pentair to purchase assets of APW Ltd
Oct. 17, 2005 - Move is designed to strengthen Hoffman Enclosures.
Pentair, Inc. has announced its intent to purchase certain assets of APW Ltd., including McLean Midwest, Electronic Solutions, and Aspen Motion Technologies, Inc.
This announcement is designed to strengthen Hoffman Enclosures by adding critical thermal management solutions for manufacturing, packaging, material handling, processing, data communications, networking, and electrical industries to Pentair's Enclosures Group. The acquisition is expected to be completed in the fourth
quarter of this year.
As part of the Pentair Enclosure Group, Hoffman is an enclosure designer and manufacturer. Hoffman and McLean have been previously affiliated through a private labeling supply agreement. McLean designs and manufactures air conditioning, cooling, and other thermal management products for electrical and electronic equipment. The integration of these technologies and systems into Hoffman's enclosure product offerings will expand Hoffman's product offering in a variety of markets where thermal management has become a critical issue.
"With this acquisition, Pentair enhances Hoffman's position among global providers of quality enclosures and related technical products to protect our customers' electrical and data networking infrastructures from failure due to excessive heat or other thermal management problems," says Hoffman President Del Nickel. "We expect this acquisition to accelerate Hoffman's ability to develop new and innovative equipment protection solutions, creating greater value for our customers in the enclosures segment."
"Thermal management is an increasingly important factor for our current and prospective customers," notes Nickel. "With more than 60 years of experience and Pentair's strong commitment to our business, Hoffman has the resources and expertise to expand the availability of thermal management solutions by utilizing and expanding McLean's products and technologies."
Hoffman, based in Anoka, Minn., is a part of the Pentair Enclosures Group. For more information visit www.hoffmanonline.com.