Atlas Copco Mafi-Trench LLC USA this week signed an agreement to acquire the pump business from J.C. Carter LLC, headquartered in Costa, Mesa, Calif.
J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction plants, and natural gas liquid processing. In 2009 the company had about 70 employees and revenues of approximately $25 million.
“The acquisition will extend Atlas Copco’s offering to customers in liquid natural applications as well as to the chemical and petrochemical industries,” said Stephan Kuhn, business area president of Atlas Copco Compressor Technique.
The acquired business will be a part of Atlas Copco’s Gas and Process Division and the deal is expected to be closed in the first quarter 2011. The parties have agreed not to disclose the purchase price.
Headquartered in Stockholm, Sweden, Atlas Copco is an industrial group with positions in compressors, construction and mining equipment, power tools and assembly systems. Atlas Copco’s Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services.
