Rochester’s Arnold Magnetic Technologies Corp., a subsidiary of Compass Diversified (CODI) today has acquired Ohio manufacturer Ramco Electric Motors Inc. Financial terms of the transaction were not disclosed.
Arnold is a leading global manufacturer of high-performance magnets, magnetic assemblies, precision thin metals and highly loaded composites. Ramco manufactures stators, rotors and full electric motors.
The acquisition advances Arnold’s strategy to deliver new materials and engineered solutions that empower customers to develop next-generation technologies. By acquiring Ramco, Arnold expands its diverse product offering with industry-leading electric motor solutions capabilities. In addition, Ramco brings deep relationships with a number of strategic customers that use its capabilities in applications across various markets including industrial, military and aerospace, company officials said this week.
“Over the past 125 years, Arnold has successfully evolved and adapted its technologies and manufacturing presence to provide world-class quality products and service to our customers,” said Arnold President and CEO Dan Miller in a statement. “By augmenting our technical know-how and engineering capabilities with Ramco’s complementary product portfolio, we will move up the technology ladder and be able to offer more comprehensive, turnkey solutions to our customers. We have a clear line of sight to future growth opportunities through partnering with Ramco’s talented team.”
Ramco will continue to operate under its brand name as a division of Arnold and its operations will remain in Greenville, Ohio.
“Arnold shares our deep commitment to technological innovation and we believe that together, we can best support our combined customer base,” said Ramco President Dan Seger. “As part of Arnold, Ramco will have the opportunity to expand its reach, and our employees and customers will benefit from Arnold’s increased scale, commitment to growth and expertise.”
From its Technology Center and manufacturing facilities located in the United States, the United Kingdom, Switzerland and China, Arnold produces engineered magnetic assemblies in addition to high-performance permanent magnets, precision foil products and highly loaded composites that are mission-critical in motors, generators, sensors and other systems and components. Arnold has more than 2,000 clients worldwide.
“With the acquisition of an industry leader like Ramco, Arnold is continuing to execute its strategy to become a leading technology-based, engineering solutions company,” said CODI CEO Elias Sabo. “Arnold and Ramco are naturally complementary businesses and together are more competitive in the marketplace – offering significant opportunity to gain market share and acquire new customers. We look forward to partnering with the Arnold and Ramco teams to integrate their capabilities and realize the full benefits of this transaction, and we remain confident in the future of Arnold’s business.”
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