Stockholm, Sweden-based Atlas Copco Compressors, USA, has purchased Gulf Atlantic Equipment Co., Jacksonville, Fla., and Compressed Air Products, Peachtree City, Ga. Both companies have been successful Atlas Copco compressor distributors for many years.
“We see great potential to grow the Atlas Copco Compressor business from the strong base both distributors have developed,” said Ronnie Leten, business area president, Atlas Copco Compressor Technique. “The acquisitions will clearly bring us closer to our customers in this region and improve our ability to offer them the support that they demand.”
Both companies mainly offer stationary Atlas Copco compressors. The distributors will keep their names for an interim period and will become part of the southern region within Atlas Copco Compressors LLC, USA.
The companies have a combined workforce of about 60 employees and are both privately owned. All parties have agreed not to disclose the purchase prices.
Atlas Copco is a global provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental.
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.