CPS Products Acquires UView Ultraviolet Systems
MIAMI and TORONTO, May 9, 2014 /CNW/ - CPS Products Canada, Ltd. acquired the assets of UView Ultraviolet Systems, Inc., Paul Baldetti, president of CPS, announced. Terms of the transaction were not disclosed.
Based in Mississauga, Ontario, UView manufactures tools and equipment for professional automotive technicians. The company's core products are automotive fluid exchange and fuel service equipment and chemicals, and automotive air-conditioning-refrigerant leak detection. The company's market leading brands include UView, MotorVac, and TerraClean.
"This acquisition is a significant step forward in our ongoing drive to become the world's leading company focused on the professional technician," said Mr. Baldetti. "UView has an outstanding reputation in the automotive technician community and its culture aligns very well with ours - the teams from both companies are committed to building the best tools possible for professional technicians because we know that the technician's income depends on those tools."
Jeff Fox, chairman and chief executive of Harbour Group, which owns CPS, said, "We are confident that the addition of UView's outstanding team, rock solid product lineup, and excellent reputation for top-tier service will be a great combination with CPS. We are eager to welcome the employees of UView into the Harbour Group family, and look forward to building upon the strong foundation they built. We will continue to invest heavily in both people and operating infrastructure to ensure that this combined business accelerates its success going forward."
Phil Trigiani, a co-founder of UView, commented, "This is a wonderful business combination for all parties – employees, customers, and suppliers. All will benefit from the new combined synergies." Tony Ferraro, the company's other founder added, "The combined engineering talent of the two companies will undoubtedly increase the pace of product enhancements and the creation of new product lines, all of which help our professional technician customers."
Harbour Group is a privately owned operating company based in St. Louis, Mo. Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including flow and energy measurement, boiler systems, professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 174 companies in 37 different industries.
SOURCE Harbour GroupFor further information:
Paul Wagman, Fleishman Hillard, (314) 982-1726