Neuman & Esser Group acquires Norwalk Compressor Co.
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Neuman & Esser Group (NEA) has acquired Norwalk Compressor Co., based in Stratford, Connecticut, US, with all of its manufacturing assets, products, trademarks and workforce.
Norwalk Compressor Co., founded in 1864, has been under family ownership since 1985. It has a long history as a compressor manufacturer with its well-known ‘Century’, ‘Slimline’ and ‘Charger’ series for helium, H2, inert and explosive gas services within the industrial gases and chemicals industries. It is involved in niche applications such as acetylene, HCl and NOX compression.
“Norwalk’s manufacturing capabilities and product lines ideally complements NEA Group’s global footprint and product portfolio. With Norwalk’s location, the NEA Group’s Service organisation, NEAC Compressor Service USA Inc. will be able to leverage and grow a Northeastern hub and Repair Coordination Center to support new and existing customers of NEA and Norwalk in North America. Additionally, with Norwalk’s large installation base located in Asia and South America, our worldwide NEAC Compressor Service organisations will be in prime position to improve local customer support”, said Alexander Peters, Managing Partner of Neuman & Esser Group.
Through the integration process, NEA Group will continue to fully support the Norwalk compressor portfolio with new sales and existing installations and maintain its operational footprint in Connecticut.
“We are happy to have the opportunity to acquire a family-owned, operated business, such as Norwalk Compressor Co. This aligns with our core values of long-term strategic decisions, and agile solutions, making that is the DNA of our company”, added Stefanie Peters, Managing Partner of Neuman & Esser Group.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/31072020/neuman-esser-group-acquires-norwalk-compressor-co/
You might also like
EIA: monthly US propane exports in March 2023 reach a record high
US propane exports reached a record 1.7 million bpd in March 2023. Propane is consumed globally for space heating, and is used as a petrochemical feedstock.