WEG announces acquisition of North American Bluffton Motor Works
Jaragua do Sul, March 28, 2016 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY) announced the acquisition of Bluffton Motor Works, LLC. ("Bluffton"), an electric motor manufacturer with headquarters in Bluffton, Indiana, USA.
Founded in 1944, Bluffton specializes in manufacturing fractional electric motors up to 5 HP, offering a wide range of customized products to customers in the United States. Market segments served include food & beverage processing, industrial and commercial equipment manufacturing, pumping and ventilation, among others. Bluffton headquarters occupies approximately 400,000 square feet, and the company employs over 400 people.
According to Mr. Luis Alberto Tiefensee, WEG's Motors Managing Director, Bluffton is recognized for excellence in engineering and manufacturing of fractional motors for custom applications, which is aligned with WEG's focus for the US market.
"This acquisition is strategic to expand and to provide greater flexibility to WEG's capabilities in the world's largest market for fractional electric motors. It also brings major product line expansion, which complements our current product portfolio for North America", Tiefensee explains.
For more information, contact us:Investor Relations
Luis Fernando Oliveira
Andressa Cristina Pereira
About WEG - Founded in 1961, WEG operates mainly in the sector of capital goods and is one of the largest world manufacturers of electric-electronic equipment, having five main businesses: Motors, Energy, Transmission and Distribution, Automation and Coatings. WEG has manufacturing units in 11 countries and is present in more than 100 countries, servicing all industrial segments, including oil and gas, mining, infrastructure, steel, pulp and paper, renewable energy, among many others. With over 31 thousand employees, WEG"s Net Revenues reached R$ 9.8 billion in 2015.
DC Products Group, an affiliate of Bluffton Motor Works LLC announces acquisition of RAE Corporation
DC Products Group, an affiliate of Bluffton Motor Works LLC is pleased to announce that it has acquired the assets of RAE Corporation, an Illinois-based manufacturer of permanent magnet brush type fractional horsepower DC motors, gear motors, wound field motors, and controls.
Founded in 1946, RAE Corporation has been providing high quality motion control products to a wide variety of industries throughout the United States. RAE's ability to offer custom design solutions to the toughest applications is what sets them apart from most other DC motor manufacturers. We expect the acquisition of RAE Corporation to greatly strengthen our position in the fractional brushed DC motor market by providing custom design capabilities, as well as a line of stock motor products and controls.
Bluffton Motor Works Acquires Electric Motors North.
Bluffton Motor Works has recently acquired Electric Motors North, a manufacturer of DC armatures and fractional Universal and DC brushed motors. Offering motor HP ranges from 1/20-1HP. Located in Tipp City, Ohio, they have a proven quality record of 99.8%. The combined management experience is over 75 years in motor manufacturing. Bluffton Tipp City can supply products for the following industry applications: medical equipment, pumps, turntables, textile machinery, reeling equipment, and many more.
Bluffton Tipp City offers full engineering and machining services that can accommodate your particular application.
Bluffton Motor Works Acquires Toledo Gearmotor Company, Inc.
Bluffton Motor Works has recently acquired Toledo Gearmotor Company, a manufacturer of right angle worm gear reducers and inline parallel shaft gear reducers. Located in Sylvania, Ohio, the company has been producing quality gearmotors and gear reducers at competitive prices since 1948. They supply products for the following industry applications: turf and garden, wire winding and stripping, egg tables, mixers, overhead doors, gate operators, curtains, conveyors, winches, packaging machinery, and car wash equipment.
Select from their product line or request a customized unit to fit your exact specifications. Toledo Gearmotor Company offers full engineering and machining services that can accommodate your particular application.
Toledo Gearmotor Company, Inc.
5439 Roan Rd, Sylvania, OH 43560
Toll Free: 800-488-7072