BOUCHERVILLE, QC, May 9, 2014 /CNW Telbec/ - Spectra Premium
Industries Inc. is pleased to announce that it has entered into a
binding purchase agreement for all assets of Richporter Technology
Ltd. The acquisition is set to close around May 16, 2014.
"Spectra Premium welcomes the Richporter Technology group and
looks forward to incorporating its global manufacturing network of
high quality engine management products to our already extensive
product line up", states Jacques
Mombleau, President and CEO of Spectra Premium. "We will
continue to pursue the aftermarket entrepreneurial spirit and
product development strategy of Richporter Technology that was led
by its CEO Mr. Patrick
Richardson."
"A key component of our growth strategy is to expand our
business model into complete vehicle repair solutions. Coupling the
existing fuel and cooling system categories with these new engine
management products, allows us to grow sales opportunities for our
partners in the Global Automotive Market", stated Jason Best, Vice President Aftermarket Sales and
Marketing, Spectra Premium. "We are pleased to announce that
leading our engine management team as Vice President Operations
will be Martin Brazeau of Richporter
Technology who will be headquartered in the new offices of Spectra
Premium located in Taiwan."
Founded 25 years ago, Spectra Premium is a manufacturer,
developer and provider of premium automotive components and systems
that are the choice of OE manufacturers, automotive technicians and
do it yourself consumers. With its 1,100 employees, Spectra Premium
provides unmatched customer service and after the sale support via
a global manufacturing and distribution network.
Founded by Keith and Patrick
Richardson along with Lawrence
Hung, Richporter Technology was founded in 2001 based in
Montreal, Quebec, Canada with
distribution handled from Champlain, New
York and manufacturing presence in Kaohsiung, Taiwan. Richporter Technology develops,
manufactures and distributes engine management and ignition
products for the automotive aftermarket industry. Today they offer
a full line of Mass Air Flow Sensors (MAFS), Coils, Distributors,
Synchronizers and Cam & Crank Sensors, with more new products
coming soon.
SOURCE Spectra Premium Industries Inc.
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