MAE Acquires Eitel Presses
April 1, 2014
MAE Managing Director Rüdiger Schury and Eitel President Ronald Schildge at the contract signing.
MAE (Erkrath, Germany), a provider of automatic straightening machines and wheel set presses, has acquired Eitel Presses Inc. of Orwigsburg, PA.
Eitel Presses Inc., since 1973, has had over 2,000 machines installed and sales of $14 million in 2013 in the automotive, aerospace, energy, agricultural and construction industries. Current management remains unchanged with Norman Walker as President. Founder and former President Ronald Schildge will be active in an advisory role.
MAE-Eitel Inc. with engineering, manufacturing, sales and service will operate out of the existing U.S. facility relying on the experience of its 60 employees. Additional product offerings now include wheel set presses for the rail industry and high capacity (up to 4,000 tons) straightening presses for the steel industry.
"This acquisition is an important strategic step strengthening the company's presence in North America and goal of supporting current and future customers," said a spokesperson.
For more information contact:
MAE of America, Inc.
5111 North 550 West
P.O. Box 36
Rushville, IN 46173
www.mae-america.com
Eitel Presses Inc.
97 Pinedale Industrial Road
Orwigsburg, PA 17961
570-366-0585
eitel@eitelpresses.com
www.eitelpresses.com
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