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CHARTER POWER SYSTEMS COMPLETES ACQUISITION OF ELECTRONICS PRODUCER

CHARTER POWER SYSTEMS COMPLETES ACQUISITION OF ELECTRONICS PRODUCER
 PLYMOUTH MEETING, Pa., Nov. 3 /PRNewswire/ -- Charter Power Systems, Inc. (AMEX: CHP) announced today that, through its subsidiary C&D Charter Power Systems, Inc., it had completed the acquisition of the business and certain assets of the Ratelco Manufacturing Division of Ratelco, Inc.
 C&D Charter Power Systems, Inc., is a producer and marketer of integrated battery power systems for standby and motive power applications and Ratelco is a Seattle-based producer of power electronics equipment. The acquired business' annual sales are approximately $10 million. The value of the cash transaction was not disclosed.
 "This is a strategic acquisition and an important step in our company's long-term goal to become a broader-based growing supplier to the regulated and unregulated telecommunications power market," stated Robert Alvine, chairman and chief executive officer of Charter Power Systems.
 To improve production efficiencies, marketing and new product development of its power electronics business, Charter Power Systems has formed a new wholly owned subsidiary, Ratelco Electronics, Inc., which includes various existing Ratelco operations. All Ratelco operations will be consolidated in a single new facility in Seattle over the coming months.
 /delval/
 -0- 11/3/92
 /CONTACT: Donald L. Nevins Jr. (financial), 215-834-7334, or Yanis Bibelnieks (shareholders), 212-949-2295, both of Charter Power Systems/
 (CHP) CO: Charter Power Systems, Inc.; C&D Charter Power Systems, Inc.;
 Ratelco, Inc. ST: Pennsylvania, Washington IN: SU: TNM


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Publication:PR Newswire
Date:Nov 3, 1992
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