Atlas
Copco has completed the acquisition of Quincy Compressor from EnPro Industries,
with the exception of Quincy’s Chinese operations, where regulatory approvals
from relevant local authorities still are pending.
Quincy
Compressor designs and manufactures reciprocating compressors, rotary screw
compressors and vacuum pumps, primarily under the Quincy brand. Atlas Copco
plans to further develop the Quincy brand independently, in line with the
Group’s brand portfolio strategy.
“I am
pleased that we have obtained the approvals in the United States, and can now
move forward to further develop the Quincy business,” says Stephan Kuhn, president
of Atlas Copco’s business area Compressor Technique.
Quincy
was founded in the 1920s, and is headquartered in Bay Minette, Ala. It has
manufacturing facilities in Bay Minette, Quincy, Ill., and in Kunshan, China.
The products are sold through a network of independent distributors and agents.
More than three quarters of the sales are in the United States.
Approvals
from Chinese authorities are expected during the second quarter.