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Byline: David A. Smith
Dec. 18--Waterbury-based Traver Electric Motor Co. Inc. has made the first acquisition in its 66-year history, buying Torrington-based Torrington Electric Motor Repair Inc. and expanding its Litchfield County presence.
The deal, which closed earlier this month, not only gives Traver Electric Motor a satellite operation, but expands its opportunities to service smaller motors, said Jack E. Traver Jr., vice president of Traver Electric Motor and president of its sister-company, Industrial Drives and Controls Inc. Terms of the deal were not disclosed.
Harold Picchio and Harold Kuhn, who co-owned Torrington Electric Motor and were …
Source: HighBeam Research, Waterbury, Conn.-based electric motor firm buy Torrington company.