|Quality Products Acquires Fenn LLC
Quality Products Inc. (Pink Sheets: QPDC), a manufacturer and distributor of aircraft ground support equipment, hydraulic press machine tools, press brakes, hydraulic presses and shears, has announced the acquisition of Fenn LLC. Fenn president Paul Uccello commented, “this is a great outcome for our customers and our companies, and we couldn’t be more excited about our future together. With other businesses in capital equipment manufacturing, we believe QPI has the right combination of business experience and resources to allow Fenn to continue to develop and produce high quality machines.”
Fenn will continue to produce custom engineered machinery to customer specifications, whether it be rolling mills, wire flattening and shaping, drawbench, or turks head applications. In addition, Fenn will also continue to proudly offer its industrial line of products including Torin spring coilers, swagers and impact cut off machines. With all of its product lines, Fenn will also commit to a renewed focus on machine service and spare parts support.
QPI operates in two segments: the Machine Tools and Aircraft Ground Support Equipment. QPI’s Machine Tools segment consists of Multi-Press, Pacific Press and Fenn. With roots tracing back to the 1920’s, Multi-Press is a respected provider of hi-tech hydraulic and electrical control presses including a full line of bench, floor model, and 4-post configurations. Pacific Press is known as a leader in hydraulic press brakes, shears and presses in North America, manufacturing a broad range of metal forming equipment that promises reliability and durability. In the Aircraft Ground Support Equipment category, Columbus Jack has served the aviation industry for decades, providing ground support equipment to commercial, military and civilian aircraft clientele.
Commenting on the transaction, Quality Products Inc. President David Somers stated, “This acquisition continues the expansion of our businesses in metal working machinery and equipment. We welcome Fenn into the Quality Products organization, and we are excited about the ability to increase our product offerings and penetrate new markets.”
For more information on QPI products and services please visit: www.fenn-torin.com, www.columbusjack.com, www.multipress.com, and www.pacificpress.com.