An Affiliate of Sun Capital Partners, Inc. Completes the Acquisition of Von Weise, Inc., Formerly the Automotive and Specialty Business Operations of Tecumseh Products Company.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has completed the acquisition of Von Weise, Inc. ("Von Weise"), formerly the Automotive and Specialty business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets of Tecumseh Products Company (Nasdaq:TECUA) (Nasdaq:TECUB) ("Tecumseh"). The terms of the transaction were not disclosed. Von Weise offers two product lines including: (i) Automotive - small motors or actuators for automobiles, and (ii) Specialty Products - electric and recoil recoil /re·coil/ (re´koil) a quick pulling back. elastic recoil the ability of a stretched object or organ, such as the bladder, to return to its resting position. small engine starters for garden tractors, lawn mowers and snow blowers; mobile HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free used in heavy trucks and buses; and gear motors and actuators for healthcare beds, power-assisted chairs and ice machines. Specialty motors enjoys both the first or second position in its Automotive product lines and the first position in its Specialty Products. Manufacturing facilities are located in Eaton Rapids, Michigan Eaton Rapids is a city in Eaton County in the U.S. state of Michigan. The population was 5,330 at the 2000 census. The city is located in the south of Eaton Rapids Township, on the boundary with Hamlin Township, though it is politically independent of both townships. ; Nappanee, Indiana; Juarez, Mexico; and Cambridge, Ontario. Von Weise is currently conducting business as "Von Weise USA, Inc." in the United States, "TPC (Transaction Processing Performance Council, San Francisco, CA, www.tpc.org) An organization devoted to benchmarking transaction processing systems. In order to derive the number of transactions that can be processed in a given time frame, TPC benchmarks measure the total performance of Motores de Mexico, S. de R.L. de C.V." in Mexico, and "Von Weise of Canada Company" in Canada. Anuj Singh, Vice President, Sun Capital Partners, Inc., commented, "We look forward to working with Von Weise's management team to further develop and execute the Company's strategic objectives to reduce costs, improve operating efficiencies, and expand its business through innovative engineering and product development." About Tecumseh Products Company, Inc. Tecumseh Products Company is a full-line independent global manufacturer of hermetic hermetic /her·met·ic/ (her-met´ik) impervious to air. her·met·ic or her·met·i·cal adj. Completely sealed, especially against the escape or entry of air. compressors for residential and commercial refrigerators, freezers, water coolers, dehumidifiers, window air conditioning units and residential and commercial central system air conditioners and heat pumps. About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 170 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www:SunCapPart.com. |
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