Faria Acquires Beede Instruments
Thomas G. Faria Corp., the designer and manufacturing of analog and digital engine monitoring instrumentation, has acquired Beede Instruments.
Beede, established in 1917, is one of the oldest U.S. gauge manufacturers and works with a broad range of industrial OEM manufacturers.
David Hickey, president and CEO of Faria, said that “the combined and complementary strengths of the two organizations strengthen both companies for strategic growth, while continuing to provide the unprecedented service and quality that our customers have come to expect.
“With Beede operations in New Hampshire and Faria in Connecticut, our two companies are conveniently located to share resources; while our combined product offerings and innovative new technologies will provide customers with a complete engine monitoring package; including controls and telematics.”
Walter Pelletier, chairman and CEO of Beede Instruments, said that “our two companies have grown up together over the last 50 years and as I look forward to retirement, I cannot think of a better future for keeping the Beede legacy alive.”
The two divisions will continue operate under the Beede and Faria brands and logos. Terms of the deal were not disclosed.Edit Module