Sweden-based Alfa Laval (STO: ALFA), a manufacturer in heat transfer, centrifugal separation and fluid handling, has acquired Champ Products Inc., Sarasota, FL, a manufacturer of heat exchangers and air coolers. Champ had sales of SEK 100 million (US$14 million) in 2009 and 75 employees. Champ Products was consolidated as of January 5.
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\”By the acquisition of Champ Products we strengthen our position through an extended product range, reinforced application knowledge and further market penetration amongst engine and vehicle manufacturers in North America,\” says Lars Renström, president and CEO of the Alfa Laval Group. \”In addition, we expect Champ’s product range and application knowledge to create opportunities in Europe and Asia as well.\”
