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Walbro Engine Management is acquired by Sun Capital Partners,
Inc.
March 8, 2007
TUCSON, AZ -
The completion of the purchase of Walbro Engine Management from
TI Automotive by an affiliate of Sun Capital Partners, Inc. was announced today
by Tony Martin, Chief Executive Officer, Walbro Engine Management. (This
purchase was part of TI Automotive’s sale of the Industrial Group which also
included the sale of two other businesses, Vari-Form and Bundy Refrigeration).
"This ownership change is very
positive news for Walbro Engine Management's customers, suppliers and
employees," stated Martin.
"Sun Capital’s ownership will
enhance Walbro Engine Management's ability to grow its business. Our goal
remains to create significant value and benefit for our customers and suppliers
by continuing to add to our product portfolio and enhancing our technical
capabilities."
Walbro Engine Management is a
global market leader of engine management systems for the lawn and garden,
recreational and marine, outdoor power equipment, and two-wheel small engine
markets.
Walbro was founded in 1950 in
Fenton, Michigan, as a small company dedicated to manufacturing carburetors for
the small engine industry. As Walbro rapidly grew its automotive fuel system
business, a separate Walbro Engine Management business unit was created to
specifically focus on the global small engine market with an expanded product
portfolio which included ignitions, flywheels, fuel injection and air/fuel
management systems and fuel storage and distribution systems. Also, a global
organization was created with manufacturing and engineering facilities in China,
Italy, Japan, Mexico, Thailand and the United States with
headquarters based in Tucson,
Arizona.
Sun Capital Partners, Inc. is a
leading private investment firm focused on leveraged buyouts, equity, debt, and
other investments in market-leading companies that can benefit from its in-house
operating professionals and experience. Sun Capital affiliates have invested in
and managed more than 145 companies worldwide with combined sales in excess of
$33.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in
Boca Raton, Los Angeles, and New York, as well as affiliates with offices in
London, Tokyo, and Shenzhen. For more information, please visit
www:SunCapPart.com.
For more information, please contact:
Ann M. Guernsey
Walbro Engine Management
(520) 877-3000
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