BOUCHERVILLE, QC, May 9, 2014 /CNW Telbec/ - Spectra Premium Industries
Inc. is pleased to announce that it has entered into a binding purchase
agreement for all assets of Richporter Technology Ltd. The acquisition
is set to close around May 16, 2014.
"Spectra Premium welcomes the Richporter Technology group and looks
forward to incorporating its global manufacturing network of high
quality engine management products to our already extensive product
line up", states Jacques Mombleau, President and CEO of Spectra
Premium. "We will continue to pursue the aftermarket entrepreneurial
spirit and product development strategy of Richporter Technology that
was led by its CEO Mr. Patrick Richardson."
"A key component of our growth strategy is to expand our business model
into complete vehicle repair solutions. Coupling the existing fuel and
cooling system categories with these new engine management products,
allows us to grow sales opportunities for our partners in the Global
Automotive Market", stated Jason Best, Vice President Aftermarket Sales
and Marketing, Spectra Premium. "We are pleased to announce that
leading our engine management team as Vice President Operations will be
Martin Brazeau of Richporter Technology who will be headquartered in
the new offices of Spectra Premium located in Taiwan."
Founded 25 years ago, Spectra Premium is a manufacturer, developer and
provider of premium automotive components and systems that are the
choice of OE manufacturers, automotive technicians and do it yourself
consumers. With its 1,100 employees, Spectra Premium provides unmatched
customer service and after the sale support via a global manufacturing
and distribution network.
Founded by Keith and Patrick Richardson along with Lawrence Hung,
Richporter Technology was founded in 2001 based in Montreal, Quebec,
Canada with distribution handled from Champlain, New York and
manufacturing presence in Kaohsiung, Taiwan. Richporter Technology
develops, manufactures and distributes engine management and ignition
products for the automotive aftermarket industry. Today they offer a
full line of Mass Air Flow Sensors (MAFS), Coils, Distributors,
Synchronizers and Cam & Crank Sensors, with more new products coming
Image with caption: "Spectra Premium Industries Inc. (CNW Group/Spectra Premium Industries Inc.)". Image available at: http://photos.newswire.ca/images/download/20140509_C7564_PHOTO_EN_40164.jpg
SOURCE: Spectra Premium Industries Inc.
For further information:
Director, Publicity & Advertising
Spectra Premium Industries
(450) 641-3656 extension 2376