Atlas Copco has acquired American Air Products, USA

July 5, 2010

Stockholm, Sweden, July 5, 2010: Atlas Copco Compressors LLC, has purchased certain assets of American Air Products, Inc, USA.

The acquired business has been a long-serving, Atlas Copco compressor distributor for many years in the states of Minnesota, North Dakota, South Dakota as well as areas of Wisconsin.

“Feet on the street and maintaining the closest relationship with the customer continues to be a high priority for us,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique. “This acquisition gives us the opportunity to bring some experienced sales and aftermarket people into Atlas Copco, and will allow for an even greater customer focus.”

The acquired business, operating on the market under the name Clayhill, has a well developed customer base and market presence within the region. Sales mainly consist of Atlas Copco branded compressor equipment and parts. The economic activity in this region is both varied and competitive and offers a good opportunity for Atlas Copco to grow customer relationships going forward.

Approximately 18 employees will join Atlas Copco from American Air Products as a result of this acquisition. The American Air Products business will be incorporated into the Central Region of Atlas Copco Compressors in the USA. The Clayhill name will be used for an interim period.

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