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The Suburbanite
  • Howden acquires piston company based in Holland

  • The acquisition will continue Howden’s efforts to diversify its business and make it less reliant on the supply of new equipment to the coal-fired power industry.

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  • Howden, which operates a plant in New Philadelphia, has acquired Thomassen Compression Systems, a Netherlands-based company that designs, assembles, installs and services custom-made horizontal piston compressors.
    The move was announced Tuesday.
    The acquisition will continue Howden’s efforts to diversify its business and make it less reliant on the supply of new equipment to the coal-fired power industry, which provided 24 percent of the multinational company’s revenue in 2010, compared with 42 percent in 2005.
    While this acquisition will have a minimal impact on the New Philadelphia plant, it will strengthen the company as a whole, said Nicole MacLean, marketing communications specialist for Howden North America Inc.
    According to Howden CEO Bob Cleland, the acquisition adds a range of complementary products to the company’s compressor portfolio.
    “It increases our activities in the refining and petrochemical sectors, which have been underweight compared to our core market of power generation,” he said.
    The local plant, which employs 125 people, has been operated by Howden North America since 1997. It manufactures large centrifugal fans for the power and heavy industrial markets.