Fläkt Woods - Buys Semco
Fläkt Woods Group and SEMCO INCORPORATED announced today the signing
of an agreement by which SEMCO’s shareholders are selling the
company to the Fläkt Woods Group headquartered in Zurich,
Switzerland.
“Being a member of the Fläkt Woods Group will strengthen our
position in our served markets and beyond. This is a very positive
step. It reinforces our commitment to provide the market with high
quality products, services and solutions that meet the needs of both
our customers and the world”, said SEMCO INCORPORATED, President &
CEO, William Thurman.
“Like Fläkt Woods, SEMCO is a great company with a tradition of
innovation, new product development, and successful business growth.
We are very pleased to welcome the talents of SEMCO to join the
Fläkt Woods Group, and view this as a significant step for us in
North America within the Air Climate for Buildings. To date, the
Group’s activities in the US have been focused on fans through the
American Fan Company, and the acquisition of SEMCO is a perfect
illustration of the new development strategy we intend to pursue
with our new owners to extend our portfolio of Air Climate and Air
Movement solutions worldwide” said Didier Forget, CEO of Fläkt
Woods.
Final sale of the business is expected to take place shortly after
some work to prepare the transfer of ownership. The price of the
transaction is not communicated.
SEMCO INCORPORATED, of Columbia, MO, USA is a nationally recognized
leader in providing high quality products and service for
ventilation and air treatment. The company is the primary market
innovator of energy recovery systems using desiccant wheels that
increase energy efficiency, improve indoor air quality and reduce
operating costs. The company is also a leading supplier of round and
oval duct systems, which are recognized for their high quality,
field labor saving advantages and overall service to the industry.
SEMCO currently employs approximately 400 employees in eight (8)
U.S. locations, and reports annual sales of approximately $65M.
Additional information on SEMCO INCORPORATED can be found at
www.semcoinc.com.
Fläkt Woods Group is a leading player in energy-efficient Air
Climate for buildings and Air Movement for Industry with a unique
range of products for ventilation, air treatment and air diffusion
improving indoor air quality and operating costs.
Fläkt Woods is one of the largest air handling systems and duct
suppliers in Europe and has
strong positions in selected countries in Middle East, Asia and
Australia.
The Fläkt Woods group currently employs more than 3,000 people
across Europe, Asia, and the US and reports annual sales of
approximately $725M in 75 countries with direct presence in 30
countries worldwide.
Email
info.uk@flaktwoods.com
Arundel Jones Associates Ltd
Hill Farm, Linton Hill, Maidstone, Kent ME17 4AL
Tel : 01622 745333
news@buildingdesign.co.uk
Registered in England and Wales No. 07334149
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