Harbour Group Acquires Tritex Corporation
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ST. LOUIS, April 24,: Harbour Group has acquired Tritex Corporation, the parent company of the Haydon companies, Jeff Fox, Harbour Group's President and Chief Executive Officer, announced today.
Haydon is a leading designer and manufacturer of high performance fractional horsepower linear actuators, lead screw assemblies, rotary stepper motors and hermetically sealed switches for niche- market applications. The company, founded in 1951, operates 11 facilities on three continents. It is based in Waterbury, Conn.
Haydon's strategy has focused on product development based on customer needs and efficient global manufacturing. It has an outstanding reputation in its various product markets and long-term partnerships with its customers.
Mr. Fox said, "The Haydon brand is synonymous with quality, innovation and outstanding service. The management team has successfully differentiated their business and captured leading positions in the industry segments they serve. We believe there are significant opportunities for further penetration of existing markets, entry into new markets, and continued development and introduction of new products. We will also pursue complementary acquisitions that enhance Haydon's product offering and increase its geographic reach."
Bernard Dubois, President and CEO of Tritex, commented, "We're proud of the work our team has done to build Haydon into a highly regarded brand, known not only for our innovative products but also for anticipating the needs of our customers and providing service beyond expectations. Harbour Group recognized our efforts on these fronts and is committed to providing the resources we need to achieve our future objectives. They have successfully partnered with and grown companies like ours for 30 years and we're confident that the track record will continue with Haydon."
Harbour Group is a privately owned company based in St. Louis. Harbour Group and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products, including automotive enthusiast products, lubricating systems and equipment, abrasives, diamond cutting products and related tools, entertainment products, auxiliary plastic processing equipment, and heat exchange equipment.
