Home » Drives LLC Sells Majority Interest to Investor
Drives LLC Sells Majority Interest to Investor
June 11, 2008
Richard L. Scott Investments has taken a majority stake in Drives LLC, Fulton, IL, a manufacturer of conveyor and power transmission roller chains and auger products.
Drives CEO David Vogel said the sale will enable Drives to accelerate growth and expand via acquisition. Vogel will retain the positions of president and CEO.
Drives holds market positions in industries including food processing, material handling, mining &metals, energy drilling, unit packaging, agriculture, forest &lumber products, and paper processing. The company has operations in 34 countries.
Richard Scott is founder and former chairman &CEO of Columbia/HCA Healthcare Corp.