Gardner Denver, Inc. has acquired Best Aire, Inc., a distributor of compressed air and gas products serving the Ohio market through its headquarters in Millbury, OH. It has additional distribution operations in Kalamazoo, MI, and Indianapolis, IN.
Gardner Denver intends to increase its focus on aftermarket sales and service, including adding distribution channels, if necessary, to enhance our ability to better serve our end users worldwide,” said Barry L. Pennypacker, president and CEO of Gardner Denver. “I am very pleased to add Best Aire to Gardner Denver’s compressor operations in North America. This business provides a good base business in Ohio, Indiana, and Michigan that will allow for expansion of product lines and aftermarket parts and service to a critical customer base in the Midwestern U.S.”
Gardner also recently announced second quarter sales were $518.1 million, an increase of 13% from second quarter 2007. Profit improved 11% to $49.6 million. For the first six months ended June 30, 2008, sales were $1 billion, 12% higher than the same period a year ago. Profit was $100 million, an increase of 15% in year-over-year comparison.
Gardner Denver, Inc. is a manufacturer of reciprocating, rotary and vane compressors, liquid ring pumps and blowers for various industrial and transportation applications, pumps used in the petroleum and industrial market segments, and other fluid transfer equipment serving chemical, petroleum, and food industries.
