24.09.2013 22:35:15
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Wabtec Acquires Longwood Industries - Quick Facts
(RTTNews) - Westinghouse Air Brake Technologies Corp., or Wabtec (WAB), Tuesday said it has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets.
Longwood has a particular expertise in making custom solutions for bonding rubber to metal and rubber to fabric. It also manufactures highly specialized diaphragms and seals used in equipment such as pumps, valves and shock absorbers.
With its diverse end markets and technical expertise, Longwood will complement Westinghouse's existing rubber products businesses, which also serve transportation and industrial markets.
"We will benefit from Longwood's capabilities and market position in the oil and gas sector, and we expect to use our global presence to expand its international sales, " said Albert Neupaver, Wabtec's chairman and CEO.
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Wabtec Corp. (Westinghouse Air Brake Technologies Corp.) | 191,10 | -0,44% |