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‘Trojan Battery’ Will be Acquired By C&D Tech

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November 7, 2018 by   Leave a Comment

Trojan Battery Co. announced that its current majority owner, an affiliate of Charlesbank Capital Partners, has reached an agreement with C&D Technologies to acquire Trojan. 

According to a press release, the acquisition will combine two battery manufacturers with complementary product portfolios to create one of the largest energy storage providers with more than $1 billion of revenue, eight manufacturing facilities and a presence in every major region. The transaction is expected to close in approximately 60 days.

“Trojan Battery is an industry leader with a great heritage and an amazing team of employees,” said Neil Thomas, president and CEO of Trojan Battery. “I’m excited about the agreement with C&D and believe that it will secure the company’s future and position it for even greater success in the years ahead.”

“I am enthusiastic about the transaction that is taking place with KPS and C&D,” said Rick Godber, chairman of the board. “Although this will end 93 years of ownership in Trojan for the Godber family, we all look forward to watching the continued growth and success of the brand and its legacy.”

The Godber family launched Trojan Battery in 1925.

 

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