FOR IMMEDIATE RELEASE
Minarik Corporation has finalized the purchase of Southwest Controls, Inc.
October 2005 - Minarik Corporation, a leading national value added motion control distributor, today announced that they have finalized the purchase of Southwest Controls, Inc. located in Anaheim, California. Southwest Controls, considered to be the leading motion control distributor in the Southern California area, increases Minarik Automation and Controls also strong position in that market by adding to its existing locations in Orange County and San Diego.
“We are very pleased to be able to continue Minarik’s market expansion with the acquisition of Southwest Controls. Their technical resources and expertise, coupled with the resources of Minarik will offer the Southern California market place superior products with unequalled application support and service,” stated John Hegel, President and CEO of Minarik Corporation.
John Starr, President of Southwest Controls said “The combination of our mutual talent and resources, creates an organization unlike any other in Southern California, positioned to provide extraordinary value to our customers and vendors.”
The companies will retain their separate identities and trade names to take advantage of the excellent reputations, which they have built. The sales and customer support functions will, however, be combined to provide maximum benefit to its customers. The acquisition is Minarik’s fourth acquisition in six years and shows the company’s continued commitment to expanding its capabilities to support its customers and its suppliers.
Minarik, headquartered in Glendale, California, is a nationally recognized distributor of motion control and automation products with over $94 million in annual distribution sales. It currently has 16 distribution locations across the U.S. that focus on sales, service and application support. Minarik is also a leading U.S. manufacturer of 2HP and below DC drives for the industrial market.
For more information contact:
John Reilley, VP of Marketing
905 Thompson Ave
Glendale, CA 91201
Ph: 818.637.7500
Fax: 818.637.7549
