STOCKHOLM, Sweden - Atlas Copco has acquired the assets of M.C. Schroeder Equipment Co., Inc. The company is a distributor of vacuum equipment and service solutions.
M.C. Schroeder Equipment is based in Denver, North Carolina and has eight employees. Its sales network covers the South East USA region.
“This acquisition will complement our existing footprint in the region”, said Geert Follens, Business Area President Vacuum Technique. “The company has a strong reputation serving diverse industrial markets with vacuum equipment and service solutions”.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The acquired business will operationally become part of the Industrial Vacuum Division within the Vacuum Technique Business Area.