Altra Industrial Acquires Guardian Industries
August 1, 2014—
Altra Industrial Motion Corp. announced the acquisition of Guardian Industries, Inc. Founded in 1941 and based in Michigan City, Indiana, Guardian manufactures a wide range of products including shaft couplings, motion control couplings, flywheel couplings, hydraulic pump drives, compressor drives and PTO shafts and bearing supports. The company has a dedicated workforce of 47 people and had 2013 revenues of $10 million.
"The Guardian products complement Altra's broad-based offering of couplings and will help us to better serve both off-highway and general industrial applications," said Carl Christenson, Altra's chairman and CEO. "This bolt-on acquisition will expand Guardian's geographic reach and provide the company with increased coverage in several core Altra markets, including energy, farm & ag and specialty machinery. We are pleased to welcome Guardian to the Altra family."
Guardian joins Ameridrives Couplings, Bibby Turboflex, TB Wood’s, Huco Dynatork, Ameridrives Power Transmission and Lamiflex Couplings, the industry-leading brands of Altra Industrial Motion’s Coupling Group which supply innovative coupling solutions to meet the requirements for a broad variety of applications. Altra’s coupling products represent the latest technologies, featuring superior design and exceptional quality to ensure long-lasting performance in all types of industrial environments.
|Altra Industrial Motion|