MINSTER, OH -- The Minster Machine Company announced today that it is being
acquired by Nidec-Shimpo, a division of Nidec Corporation. Nidec is a global
technology corporation with headquarters in Kyoto, Japan and annual gross sales of
$9 billion. The effective date of the transaction is expected to be in early April, 2012.
John Winch, President and CEO of Minster was quoted as saying, "We feel the
acquisition by Nidec will give Minster a much larger competitive global footprint in the
Machinery, Automation and Services marketplace, while maintaining local production
and management. We feel this transaction will provide a very good long term
strategic platform for growth and expansion."
Operations will continue in Minster, Ohio. Current owners, John and David Winch will
remain with the organization as will the balance of the management team. Terms of
the transaction will not be disclosed.
The Minster Machine Company • 419-628-2331 • firstname.lastname@example.org