Thermodynetics, Inc. Acquires Vulcan Industries, Inc. of Sturgis, Michigan. Factors Forward-Looking that is regarding Disclosures.
Vulcan is always to stay in Sturgis and you will be handled by Keith J. Briggs, General Manager and Chief working Officer. Vulcan is a Tier II supplier towards the automotive industry and it is planning to start manufacturing, under a unique long haul supply arrangement, of exhaust manifold components for a unique motor recently manufactured by an automobile manufacturer that is major.
Robert A. Lerman, President of Thermodynetics said, “Mr. Briggs, who’s one of several two founders of Vulcan, is well qualified to stay cost associated with Vulcan operations. Our company is anticipating operations that are solid development under Mr. Briggs’s leadership. The honor of the single source agreement shows the technical convenience of Vulcan and it is one reason why the reason we feel Vulcan will likely to be a fantastic addition to your Thermodynetics group of organizations.”
Mr. Lerman proceeded and stated “Vulcan will join Turbotec Products, Inc., of Windsor, Connecticut as a wholly-owned subsidiary of thermodynetics. Within the full years, Turbotec and Vulcan have each been forced to forego possibilities as a result of the not enough appropriate production resources. Because the combined organizations will not have this limitation, we believe this can start the doorway for an extremely synergistic change of company between your two subsidiaries.”
Mr. Briggs claimed that, “we have always been really excited with continuing the working relationship that is rolling out within the last 90 days between Thermodynetics, Turbotec and Vulcan. Read more ›
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