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HAECO ANNOUNCES ACQUISITION OF CAN-TRON INDUSTRIAL CONTROLLERS
March 8, 2004
Loveland, OH-based Henline Adhesive Equipment Company Inc. (HAECO) has announced its acquisition of Can-Tron Industrial Controllers, a California-based designer and manufacturer of embedded electronic controls. As part of this acquisition, HAECO has obtained the exclusive design and manufacturing rights for Can-Tron's temperature controllers, pattern controllers and solenoid drivers. As a leading manufacturer of specialty adhesive systems, HAECO had previously featured Can-Tron equipment in a variety of products. The Can-Tron acquisition will allow HAECO to utilize those synergies to offer the same quality and technology customers have come to expect, while also providing the opportunity for growth and efficiencies. "The acquisition of Can-Tron was a natural fit for our business and offers our company the opportunity to utilize Can-Tron's established technology and continue to supply our customers with high quality components," said Jerry Henline, president of HAECO.