JPE Inc. announces acquisition of Brake, Axle and Tandem Co.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(AutomotiveWire)--April 17, 1997--JPE Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :JPEI) today announced the acquisition of Brake, Axle and Tandem Co. (BATCO BATCO Battle Code BATCO British Army Tactical Code ), based in Dallas, an industry leader in brake hardware, wheel attaching and suspension parts for the heavy duty truck and trailer aftermarket. In announcing the acquisition, Gary Smalley, president of Dayton Parts Inc., JPE's manufacturer and distributor of heavy duty undercarriage parts, said, "By combining our companies, we add complementary product lines to our product offering, which enables us to provide one-stop shopping for our customers and strengthens our unique position in the heavy duty marketplace. In addition, BATCO brings us a significant new group of customers to whom we can sell our combined product offering." George Boyd, chairman of the board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BATCO, affirmed Smalley's comments adding, "Consolidating two dynamic companies like Dayton and BATCO results in a win-win situation for everyone." Dr. John Psarouthakis, chairman of the board, president and chief executive officer of JPE JPE Journal of Political Economy JPE Jump If Parity Even JPE Journal of Private Equity JPE Joel Plaskett Emergency (Halifax, Nova Scotia band) JPE Japanese Pharmaceutical Excipients JPE Truncated JPEG file extension , stated, "We are pleased to add BATCO to our Aftermarket Group. This acquisition fits our strategy of continued growth in our aftermarket business, as well as our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and business." JPE Inc. acquires and develops companies that manufacture and/or distribute automotive and truck components for the original equipment manufacturers (OEM) and the aftermarket. JPE's strategy is to grow internally and through acquisitions in which products, market share and profits can grow. CONTACT: JPE Inc. James J. Fahrner, 313/662-2323 |
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