Eurobex Completes Acquisition of McKinstry
BLAINVILLE, QC, October 6, 2005 - Eurobex Manufacturing Ltd. today
announced the acquisition of certain assets of competitor McKinstry, Inc., New
England's leading electrical enclosure manufacturer. This acquisition will
broaden Eurobex's sales network in the United States.
Founded in 1949 and based in Chicopee, Massachusetts, McKinstry will be
integrated with Eurobex's existing business, which serves the commercial,
industrial and municipal markets.
Eurobex will retain McKinstry's experienced sales, customer service and
engineering personnel, in order to ensure a seamless transition to the new
operating company, Eurobex USA Inc. Production will be transferred to
Eurobex's existing automated manufacturing facilities in Blainville, QC and
"McKinstry has enjoyed remarkable long-term relationships with many of their
agents and customers. Their strong sales network will strengthen Eurobex's
presence in the American enclosure marketplace," said Maurizio Ciocca,
President of Eurobex.
"Eurobex is committed to research and development excellence. Existing
McKinstry customers stand to benefit from the multiple technical advantages of
Eurobex's broad product line," continued Maurizio Ciocca.
About Eurobex Manufacturing Ltd.
Eurobex ( www.eurobex.com ) is a privately held manufacturer of electrical
enclosures, headquartered in Quebec. Eurobex's broad product offerings
include a full line of commercial, industrial and modular enclosures, used to
house sensitive electrical and electronic equipment. Having two fully automated
manufacturing facilities, Eurobex specializes in the production of standard and
special enclosures, with unparalleled technical advantages.
SOURCE: Eurobex Manufacturing Ltd.
CONTACT: Charles Séguin,