AlturnaMats Acquires Mobile Matts
AlturnaMats, Inc., producer of ground protection mats, announces the acquisition of one of its major competitors, Mobile Matts, Green Bay, WI. Terms of the deal were not disclosed. According to Michael Gierlach, president of AlturnaMats, the integration of AlturnaMats with Mobile Matts comprises the largest ground protection mat manufacturing group in the nation and enables dealers worldwide to offer customers a broad selection of mats.
Under terms of the new arrangement, Phil Schounard will continue to head up Mobile Matts and operate from the Green Bay facility; however, as of January 1, 2008, Mobile Matts will now be available through AlturnaMats' extensive dealer network. Currently, AlturnaMats, Inc. offers its well known AlturnaMats which feature a bold diamond plate tread and VersaMats which provide a finer, slip-resistant tread designed for both vehicle and pedestrian traffic. Mobile Matts are slightly lighter in weight and have a unique "M" shaped tread. All three mats are fully guaranteed for six years, though they last much longer. Both firms also market one-piece plastic outrigger pads in a large variety of sizes.
Cooper Power Systems, a division of Cooper Industries, Ltd. (NYSE:CBE), announces the introduction of the new Cybectec SMP I/O. The SMP I/O, which effectively completes the Cybectec SMP product line of substation solutions, is a distributed, substation-hardened, contact input/output processing unit. The SMP I/O offers significant savings for utility plants and facilities by reducing the amount of wiring required as well as configuration and commissioning time.