POWER: DP&L to sell stakes in a trio of power plants
“Warehouse Energy Power has successfully represented Crown since 2001,” Mark Kelley, vice president of Crown Battery’s industrial products group, said in a release. “This strategic move helps both our teams to improve service and support for our customers in Ohio and the region, and it positions us for even greater growth.”
Warehouse facilities will remain where they are, Crown said.
Crown Battery started in 1926 as a supplier of lead batteries for cars. The company said it operates today on six continents, in applications ranging from material handling and heavy-duty commercial, to mining, electric vehicles, and renewable energy.
Hal Hawk, president and chief executive of Crown Battery, said in the release that Warehouse “has earned their reputation for integrity, quality, and service. We’re excited to welcome them to Crown Battery, and to improve our service and field support in Ohio and across the region.”
Crown has been actively acquisitive lately. A Los Angeles publication reported this week that Crown also acquired a Santa Fe Springs distributor of industrial batteries, Industrial PowerSource.
The report said Industrial PowerSource will continue to operate under its name and will be a subsidiary of Crown, with its 25 employees being expected to stay on at the company, being added to Crown’s 550 employees.
“The acquisition will also give Crown Battery a 20,000-square-foot factory-owned facility in Santa Fe Springs,” the Los Angeles Business Journal said.
“The market for lead batteries continues to grow as demand increases in material handling, renewable energy, and other markets,” Crown said in its statement.
The company says lead batteries offer the “lowest cost of ownership of battery technologies, along with significant performance and safety advantages.”
FIVE NEW BUSINESS READS
About the Author