Hydraulics supplier Swanson Industries has acquired majority ownership of Tiefenbach North America, effective October 31.
The company confirmed the deal November 4 but did not disclose financial details. Tiefenbach Control Systems (TCS) will retain minority interest in TNA.
Established in 2000, West Virginia-headquartered Tiefenbach North America is a leading supplier of hose, fittings and hydraulic components for longwall systems to mining customers.
Chris Dulin, current managing director of TNA, will join Swanson as its vice president of mining.
“The suite of Tiefenbach products helps to round out Swanson’s product offerings to the marketplace and leaps forward in offering a complete control package to our longwall customers specifically,” Swanson CEO Steve Sangalli said.
“The combination of resources and synergies allows both companies to become stronger by broadening our product portfolios and strengthening our support networks for our mining customers,” said Dulin.
Source: Swanson Industries