Atlas Copco Acquires Quincy Compressor
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 well established brand portfolio strategy. The acquired business had revenues in 2009 of MUSD 125 (MSEK 900) and an operating profit margin of approximately 7%.
Quincy was founded in the 1920s and is headquartered in Bay Minette, Ala. 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.