Ametek acquires Solidstate Controls, Inc.
May 9, 2003 12:00 PM
Ametek, Inc. Paoli, Pa., recently announced the acquisition of Solidstate Controls, Inc., a supplier of uninterruptible power supply (UPS) systems for the process of power generation industries, from Columbus Sales Corp., an affiliate of Marmon Industrial Companies LLC. Ametek paid approximately $36 million for the acquisition.
Located in Columbus, Ohio, Solidstate Controls has about 250 employees and estimated 2002 sales of $45 million. Key markets for Solidstate’s products include oil production, oil refining, chemical, petrochemical, steel, and power generation, including fossil fuel and nuclear power utilities.
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