TelAve News/10473959

Swanson Industries Acquires Australia's Waratah Engineering

MORGANTOWN, W.Va. - Sept. 20, 2016 - TelAve -- Swanson Industries (www.swansonindustries.com), a global leader in engineered hydraulics, announced the acquisition of Waratah Engineering (formally known as Kopex Australia) located in Newcastle, New South Wales (NSW). The transaction was officially concluded on Sept. 5, 2016.

Swanson Industries President and CEO Steve Sangalli commented, "We are very pleased to bring Waratah Engineering into the Swanson family. With Waratah's suite of capital equipment and its experience in remanufacturing longwall roof support systems and mobile equipment, the partnership fulfills another step in our strategy to be a full service supplier to the Australian mining markets."
Waratah complements Swanson's 2014 Australian additions of Jarvie Engineering and Goninan Platers, both located in Newcastle, NSW.

"The combination of industry expertise is such a natural fit that the sharing of resources, practices and knowledge is assured to improve our combined ability to provide Swanson's international customers with a fully-capable alternative to the traditional OEM suppliers," added Sangalli.

Swanson Industries is headquartered in Morgantown, W.Va. and operates manufacturing, plating, repair and distribution centers through Australia, Chile and the United States.

Contact
Steve Sangalli, Swanson Industries President/CEO
***@swansonindustries.com


Source: Swanson Industries

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