“We feel the acquisition by Nidec will give Minster a much larger competitive global footprint in the machinery, automation and services marketplace, while maintaining local production and management,” John Winch, Minster president and chief executive, said in the company’s announcement. “We feel this transaction will provide a very good long-term strategic platform for growth and expansion.”
Operations in Minster, 18 miles northwest of Sidney, will continue, the company said. Current owners John and David Winch will “remain with the organization as will the balance of the management team,” the company’s statement said.
The CEO could not be immediately reached for comment Tuesday morning.
Founded in 1896, Minster supplies equipment for the material-forming industry, with customers in 81 countries. Besides its Minster plant, the company has a plant in Beaufort, S.C., and sales facilities in Brazil, Germany, Belgium and Japan.