Quincy Compressor LLC of Quincy, Ill. has announced a definitive agreement to divest its assets in Ortman Fluid Power to Lambertville, N.J.-based Lehigh Fluid Power Inc.
The sale is expected to close during the first quarter of 2015. Officials said this offers opportunities for customers of Lehigh and Ortman who will now have access to a wider range of products, as well as a broader national network of cylinder experts and distribution.
Ortman Fluid Power will continue to be headquartered and manufacture in Illinois, and will function as a wholly owned subsidiary of Lehigh Fluid Power Inc.
Lehigh Fluid Power Inc.
www.lehighfluidpower.com
Quincy Compressor LLC
www.quincycompressor.com
Filed Under: Pneumatic equipment + components, CONNECTIVITY • fieldbuses • networks