Please select your home edition
Edition
Marine Resources 2019 - Leaderboard

Twin Disc sells Mill Log to Palmer Johnson Power Systems

by Martin Flory Group 14 Feb 2019 05:40 PST

Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, announced that effective March 4, 2019, Palmer Johnson Power Systems will acquire Twin Disc's distribution rights to sell and service Twin Disc products previously supported by Mill Log Equipment Co., Inc. and Mill Log Wilson Equipment Ltd. (Mill Log).

As part of the transaction, Palmer Johnson Power Systems, a longstanding Twin Disc distributor currently serving the Midwest United States, will purchase inventory and operational assets from Twin Disc. Palmer Johnson Power Systems will acquire Mill Log's assets and distribution rights in the Pacific Northwest and Western Canada for approximately $7.5 million.

"The transition of Mill Log to Palmer Johnson is an exceptional opportunity for Twin Disc, our distributors and our customers," said John H. Batten, president and CEO, Twin Disc, Inc. "Within our organization we will be able to reallocate resources to continue our focus on product development and engineering; our customers will benefit from a cohesive sales and customer service experience from the Midwest to the West Coast; and, both Palmer Johnson and Mill Log will gain resources and relationships through the acquisition."

For more information contact Twin Disc, Inc.at or visit www.twindisc.com.

Related Articles

Twin Disc appoints Feiertag as president and COO
Global leader in power transmission technology announces changes to its management team Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, has appointed James E. Feiertag as president and COO, effective May 1, 2019. Posted on 18 Jun 2019
Twin Disc announces expansion in Wisconsin
39,000 square-foot North American Aftermarket Distribution Center Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, is near completion of an expansion project in Wisconsin. Posted on 18 May 2019
Twin Disc breaks ground on new operations facility
The new 4,645sq m manufacturing facility will focus on producing power take-offs Twin Disc, Inc., a global leader in power transmission technology for marine and land-based applications, broke ground recently on their new operations facility in Lufkin, Texas, USA. It is set to open in early January of next year. Posted on 29 Mar 2019
With E-STEER, drive mega yachts like sportscars
A whole new driving experience with unparalleled reliability The helms of many larger vessels are insensitive to input and provide sluggish and sloppy control. Worse yet, some transfer every exhausting shudder and vibration from the rudder to the wheel. Posted on 6 Dec 2018
100 years: From farm yard to global powerhouse
John H. Batten was born into the Twin Disc business John H. Batten was born into the Twin Disc business; the fourth generation in a company founded by his great-grandfather in his hometown of Racine, Wisconsin. Posted on 8 Nov 2018
Cyclops Marine 2020 - FOOTERVaikobi 2019AUG - Footer 2North Sails 2019 - NSVictoryList - Footer