Hammond Power Solutions Signs Definitive Agreement to Acquire Assets of Micron Industries Corporation

Hammond Power Solutions acquires Micron Industries for US $16M - Canadian Manufacturing

GUELPH — Hammond Power Solutions acquires the assets relating to the operations of U.S.-based Micron Industries. Micron Industries had approximately USD 23 million in revenue in 2023. Its manufacturing facility and head office are based in Sterling, Illinois. It supplies control transformers, serving OEMs and control system builders since 1971. It also offers low-voltage transformers and DC power supplies. The acquisition is structured as an ass…

Hammond Power Solutions Signs Definitive Agreement to Acquire Assets of Micron Industries Corporation

GUELPH, Ontario, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. ("HPS") (TSX:HPS), a leading manufacturer of dry-type transformers and power quality solutions, today announced that it has entered into a definitive agreement to acquire the assets relating to the operations of Micron Industries Corporation ("Micron Industries"), a company based in the United States. Micron Industries is a leading provider of control transformers…

Hammond Power Solutions Acquires Micron Industries Corporation, Expanding U.S. Operations - Channelchek

Key Points:– Hammond Power Solutions (HPS) signs a $16 million agreement to acquire Micron Industries Corporation.– The acquisition strengthens HPS’ presence in the U.S. electrical transformer market and complements its global operations.– HPS plans to maintain Micron’s branding and continue its well-established product lines. Hammond Power Solutions (HPS), a major player in the power transformer and quality solutions industry, has signed a defi…