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May 5, 2014
Stockholm, Sweden, May 5, 2014: Atlas Copco’s U.S.-based Quincy Compressor LLC has finalized the acquisition of the compressor business of National Pump & Compressor Ltd. and McKenzie Compressed Air Inc. in the United States.
National Pump & Compressor’s business is located in Texas and Alabama, while McKenzie Compressed Air is focused on Texas. In total the businesses acquired have about 120 employees.
The businesses are focused on distribution, service and rental of compressor-related equipment for use in such areas as manufacturing, construction, petrochemical, refinery and oil fields.
Atlas Copco announced on April 15, 2014 that it had agreed to acquire the businesses.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
Quincy Compressor is a leading designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and a full line of air treatment components. In business since 1920, Quincy has built its reputation on quality and rugged reliability, building tough air compressors for the most demanding applications. The Quincy brand is synonymous with quality, delivering "Performance You Demand. Reliability You Trust." To learn more, visit www.quincycompressor.com.