Hydraulics supplier Swanson Industries has acquired majority ownership of Tiefenbach North America, effective October 31.<\/p>\n\n\n\n
The company confirmed the deal November 4 but did not disclose financial details. Tiefenbach Control Systems (TCS) will retain minority interest in TNA.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Chris Dulin, current managing director of TNA, will join Swanson as its vice president of mining.<\/p>\n\n\n\n
\u201cThe suite of Tiefenbach products helps to round out Swanson\u2019s product offerings to the marketplace and leaps forward in offering a complete control package to our longwall customers specifically,\u201d Swanson CEO Steve Sangalli said.<\/p>\n\n\n\n
\u201cThe 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,\u201d said Dulin.<\/p><\/blockquote>\n\n\n\n