I am excited about this new partnership and the value it will bring to enhance our growth and position. The Andlinger team represents a truly synergistic element to our already exceptional business model and is a welcome achievement.
Canton, North Carolina (PRWEB) March 29, 2013
Alltec and its management team announced that the company has received major funding from the principals of Andlinger & Company, Inc., a private investment firm. The details and terms of the investment were not disclosed.
This investment will provide the capital required to accelerate Alltec’s growth. The partnership will provide resources to expand Alltec’s manufacturing capabilities, engineering, research and development, and client services. Alltec believes that this investment will also increase its market share, particularly in emerging global markets.
Over the last two decades, Alltec has established itself as an international company offering a comprehensive facility protection approach for lightning protection, surge suppression, and grounding solutions, utilizing its innovative new technology, engineering, products, and solutions that fulfill the performance, quality, and customer needs.
“I am excited about this new partnership and the value it will bring to enhance our growth and position. The Andlinger team represents a truly synergistic element to our already exceptional business model and is a welcome achievement.” Christopher Bean, President & CEO of Alltec, LLC.
Charles Ball, Managing Director, Andlinger & Company, Inc., said, “Alltec has superb engineering, inventive, high-quality products, and great customer service. My partners and I are most pleased to team with Alltec and assist them with their growth plans.”
About Alltec, LLC
Alltec was established in 1991 by Christopher Bean and is the global leader in the design and manufacture of lightning protection, grounding systems, and surge protection devices. As “Solution Providers for an Energized World™”, Alltec maintains one of the most knowledgeable and experienced engineering departments in the world, and provides some of the most technologically advanced products available. Alltec has offices in Asia, South America and the Middle East. For information on Alltec, LLC please visit http://www.alltecglobal.com.
About Andlinger & Company, Inc.
Andlinger & Company, Inc. established by Gerhard Andlinger in 1976, Andlinger & Company, Inc. is a private investment and management firm focused on businesses with growth potential and building enduring profitability. Andlinger & Company works alongside these businesses to lead them into stronger, profitable leadership roles in their industry. With offices on both sides of the Atlantic and 15 partners in Europe and the US, Andlinger & Company has global scope and expertise in over four continents. Since its establishment, Andlinger & Company has successfully partnered with over 150 companies in North America and Europe. For information on Andlinger & Company, Inc. please visit http://www.andlinger.com.