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McKenzie News

press release

March 14, 2010

McKenzie Compressed Air Solutions is Awarded Top Bauer Distributor Award for 2009

Houston, Mar 14, 2010

  Bauer officially recognized and announced McKenzie Compressed Air Solutions as its Top Bauer Distributor for 2009. This distinction is given annually for achieving the highest Bauer sales of any of its distributors. McKenzie - in it's 50th year as a compressed air specialist - was honored to receive the award. Bob Sturdy, the Bauer representative for the Region, presented the plaque to President and CEO, MaryAnn McKenzie who commented, "McKenzie has the best compressed air team and I'm proud of their accomplishments. We continuously strive to go above and beyond what our customers want and expect. I'm also thankful to Bauer for being such a great partner in our business success."

BAUER has been manufacturing high pressure compressors for over 60 years. From our humble beginnings in the BAUER family home in Munich, Germany in 1946 to our current status as an industry leader, BAUER has earned its reputation as the world's foremost innovative designer and manufacturer of high pressure compressors and purification systems.

Since its inception BAUER has expanded internationally with offices in Italy, Japan, Hong Kong, Singapore, Austria, England, France, United Arab Emirates, Egypt, India and the United States. The U.S. facility, BAUER Compressors, Inc. of Norfolk, Virginia was founded in 1976. BAUER Norfolk has experienced continued growth in sales and has expanded to our present 115,000 square foot facility. BAUER Norfolk is headquarters for branch offices in Miami, Los Angeles, San Francisco and Detroit.

 

press release

March 1, 2010, 10:04 a.m. EST

Atlas Copco Completes Acquisition of Quincy Compressor in the United States

STOCKHOLM, Mar 01, 2010 (BUSINESS WIRE) -- Regulatory News:

Atlas Copco (STO:ATCOA) (STO:ATCOB) today completed the acquisition of Quincy Compressor from EnPro Industries, with the exception of Quincy's Chinese operations, where regulatory approvals from relevant local authorities are still pending.

Quincy Compressor designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps, primarily under the Quincy brand. Atlas Copco plans to further develop the Quincy brand independently, in line with the Group's well established brand portfolio strategy. The acquired business had revenues in 2009 of MUSD 125 (MSEK 900) and an operating profit margin of approximately 7%.

"I am pleased that we have obtained the approvals in the United States and can now move forward to further develop the Quincy business," says Stephan Kuhn, President of Atlas Copco's business area Compressor Technique.

Quincy was founded in the 1920s and is headquartered in Bay Minette, Alabama. It has manufacturing facilities in Bay Minette, Quincy, Illinois, and in Kunshan, China. The products are sold through a network of independent distributors and agents. More than three quarters of the sales are in the United States.

Approvals from Chinese authorities are expected during the second quarter.

Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0). Learn more at www.atlascopco.com.

Atlas Copco's Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium.


 

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