West Virginia-headquartered Swanson Industries has acquired the off-highway business of TransAxle Holdings, a remanufacturer of transmissions, differentials, hydraulics, axles and brake systems and related industrial products for numerous off-highway verticals.<\/p>\n\n\n\n
The off-highway business will be re-branded as the Swanson Off-Highway division. Swanson will provide the division with substantial additional capacity and resources, supporting its continued growth through expanded capabilities and enhanced service offerings.<\/p>\n\n\n\n
Over its 46-year history, the TH Off-Highway business has built a reputation for delivering unparalleled capabilities, quality, and service. From locations in Pennsauken, New Jersey and Garner, North Carolina, it served a diverse array of customers across the hard rock mining, metals, construction, aerospace, and marine sectors, among others. <\/p>\n\n\n\n
\n\u201cOur strategic acquisition of the Off-Highway Business will enable us to capitalize on many overlaps and potential synergies between our offerings, customers and end markets,\u201d said Swanson CEO David Brightbill.<\/p>\n<\/blockquote>\n\n\n\n
\u201cThe Off-Highway business has developed a truly differentiated breadth of technical expertise and a strong reputation in its end markets. We are very excited to welcome the Off-Highway business\u2019 talented employees and to work together to further strengthen Swanson\u2019s leading market position by expanding our reach and capabilities.\u201d<\/p>\n\n\n\n
Freshfields LLP served as legal counsel to Swanson in the transaction. Swanson is a portfolio company of Turnspire Capital Partners.<\/p>\n\n\n\n