Alimak Hek Purchases U.S.-based Champion Elevators
Words: Dan KamysAlimak Hek, a leading manufacturer of rack and pinion driven equipment for vertical transportation, announced that it has purchased the manufacturing and design business from Champion Elevators, a U.S.-based manufacturer of rack and pinion construction hoists and industrial lifts.
Champion Elevators serves the construction industry with temporary hoists, as well as industries such as power, offshore, oil and gas, and refineries with permanent industrial lifts. The Alimak Hek Group is a global, leading supplier of mast climbing equipment and added value services for both temporary and permanent installations providing vertical access solutions for people and materials in the construction industry.
Products will retain the Champion brand name, similar to the Alimak and Hek product lines of Alimak Hek. All Champion and Alimak Hek products will be sold in the U.S. through a joint sales force. Alimak Hek and Champion plan to leave all major products largely unchanged and respect customer product preferences, with the intention of further improving products and services to secure a strong position and meet increasing competition both from local and foreign manufacturers.
During the first half of this year, the Alimak Hek headquarters in the U.S. will be relocated from Bridgeport, Conn., to the Champion Elevator location in Houston. The joint new business will start operating immediately.