Cone Drive Gearing Group acquires industrial gear manufacturer Unigear as part of its North American growth strategy Cone Drive Gearing Solutions
David Brown, one of the world’s leading providers of industrial gearing solutions and support services, is delighted to announce it has acquired Montreal based industrial gear manufacturer Unigear Industries Inc.
Unigear is a privately held business that is renowned for its high quality gearing solutions. With its outstanding flexibility, innovation, quality and performance it has an excellent reputation for customer responsiveness and high standard of customer service in the North American gearing market.
David Brown already has a presence in key markets in North America, such as mining and oil & gas, as well as through its premier double-enveloping worm gearing business Cone Drive, based in Traverse City, Michigan. The acquisition of Unigear and its industrial gear manufacturing and service capability is a key part of David Brown’s global and North American growth strategy. The business will be brought under the David Brown umbrella and will trade under the name; Unigear – a David Brown Company. The Unigear team including Ron Mehra, President and Peter Zurcher, Vice President will remain with the company and play key leadership roles in the company going forward.
David Brown has a clear vision for the future and a defined growth strategy developed around expanding in key global markets including mining, oil & gas, conventional power, rail and renewable energy such as solar, wind and hydro. The acquisition of Unigear provides David Brown with wider access to many of these strategic industry segments coupled with local capability to manufacture and service industrial gear products for the North American market.
Expanding its aftermarket service offering is integral to David Brown’s strategy to provide customers with locally employed specialist teams delivering a world-class service. As well as becoming David Brown’s North American manufacturing center of excellence, David Brown will also establish a service center at its Montreal facility to support customers in Canada. Additionally, the business is planning further expansion through the opening of a service center in the mining region of Kentucky, with near term plans for the establishment of additional service centers in strategic locations across North America.
David Brown’s Chief Executive Officer, John Paterson said: “We are delighted to have acquired Unigear, it is a very successful business that we want to further grow and develop. It is a perfect fit for David Brown.”
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03 February 2012
