Prestolite Electric Acquired By Chinese Company
26 April 2016
Prestolite Electric, a global manufacturer of alternators, starters and new-energy solutions marketed under the Leece-Neville Heavy Duty Systems and Prestolite brands, has been acquired by China’s Zhongshan Broad-Ocean Motor Co., Ltd. No financial details were provided.
Headquartered in Zhongshan, Guangdong Province, Broad-Ocean is a 16-year-old company specializing in the manufacture of specialty rotary electrics. The acquisition is intended to expand the Broad Ocean-Prestolite business footprint to North, Central and South America as well as Europe, Africa, Australia and adjacent regions, the company said.
Additionally, Broad-Ocean recently opened a research and development facility in Novi, Mich., that will support vehicle manufacturers, fleet customers and the commercial vehicle OEM and aftermarket. Prestolite also operates a manufacturing facility in Arcade, N.Y., and a distribution and customer service center in Florence, Ken.
The Prestolite and Leece-Neville product line includes high-output alternators and gear reduction starter motors for on- and off-highway trucks, military applications, mining vehicles, school and city buses, motor coaches and other uses. Broad-Ocean is a global supplier of motors, alternators and starters to multiple markets, including appliance, air handling and commercial transportation.