Detroit Diesel Reman Corporation to Acquire DMR Electronics
DETROIT, Feb. 28 -- Detroit Diesel Remanufacturing Corporation (DDR) announced today that it has reached an agreement to acquire DMR Electronics of Hibbing, MN, in order to meet the expanding needs of its remanufacturing business. Details of the purchase were not disclosed.
DMR Electronics has been an international leader in the design, manufacturing and repair of industrial electronics since it began operations in l987. Friedrich Baumann president of Detroit Diesel Remanufacturing, said, "Increased electronics content in the heavy duty market has required Detroit Diesel Remanufacturing to continue to support our customers with genuine quality remanufactured electronic products. We have been searching for just the right partner to carry out this mission and grow into this rapidly expanding section of the Reman market. Clearly, DMR stood out as the best partner to us, with a 20-year track record of operational excellence, outstanding product quality and a business culture similar to our other five facilities in North America."
"We recognized that in order to grow in today's competitive marketplace, we needed a partner with the same quality focus as DMR," said Hugh T. Vidovic, DMR Electronics President. "Becoming a part of Detroit Diesel Remanufacturing will enable us to bring together the synergies of our two organizations and build for the future with our proven remanufacturing, design, and electronics assembly techniques. In addition, this is very positive news for the community with the prospects of additional business and, more importantly, high tech jobs."
Baumann said, "DMR's corporate officers will remain in their leadership positions with the company as a smooth transition and the leadership team's expertise in Electronics component remanufacturing are imperative to meet the aggressive growth initiatives of our remanufacturing business." Hugh Vidovic will lead the engineering activities of the new company and Gary Grangruth, COO of DMR Electronics, will lead the operations and sales activities.
About Detroit Diesel Remanufacturing Corporation
Detroit Diesel Remanufacturing Corporation (DDR) is a subsidiary of Freightliner LLC, which is part of the DaimlerChrysler Truck Group. DDR remanufactures and markets a complete line of diesel engines and related component products in North America, including the reliabilt® brand. For more than 40 years, reliabilt® has been one of the most respected names in the aftermarket business with ready-to-install products for on-highway and off-highway power-systems.
About DMR Electronics
DMR Electronics, Inc. is a privately-held company that has been serving customers internationally since 1987 from Hibbing, MN. Specializing in the design, manufacture and repair of equipment in the trucking, mass transit (both bus and rail), mining and oil drilling industries it has established a marketplace niche by providing quality products and services to the customer.
Source: Freightliner LLC
CONTACT:
Amy Sills,
Freightliner LLC,
+1-503-745-8066,
amysills@freightliner.com
Web site: www.freightliner.com/
