Twin Disc, Inc. announced Friday it sold its southeast
distribution territories to Great Lakes Power for approximately
$4 million. The sale was finalized Sept. 25.
As part of the deal, Great
Lakes Power acquired Twin Disc’s distribution rights to sell and
service Twin Disc products previously supported by Twin Disc
Southeast. Great Lakes Power will continue to operate facilities
previously used by Twin Disc Southeast including locations in
Jacksonville, Tampa, and Miami, Fla., as well as the newest
location in Beaufort, N.C.
In February of this year,
Great Lakes completed a similar transaction by acquiring the
assets and distribution rights from Twin Disc Mid-Atlantic for
approximately $1 million.
“We are pleased to expand
our relationship with Great Lakes Power, which has distributed
and serviced Twin Disc products since it was founded over 40
years ago. These transactions are part of Twin Disc’s ongoing
strategy to focus resources on core manufacturing and product
development activities aimed at spurring growth and greater
profitability,” said John H. Batten, president and chief