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C&D acquires Matsushita manufacturing facility, assets

Posted: 30 Sep 2003 ?? ?Print Version ?Bookmark and Share

Keywords:c&d technologies? matsushita battery? electrical power storage? telecommunications? lead battery?

C&D Technologies Inc., a provider of electrical power storage and conversion products used in telecommunications and industrial applications, has completed the acquisition of certain assets from Matsushita Battery Ind. Corp. of America and Matsushita Battery Ind. de Mexico S.A. de C.V.

Acquired assets include a 240,000 square-foot facility, built in 1998, in Reynosa, Mexico and the equipment in the facility historically used for the manufacture of large, VRLA batteries for standby power applications.

In addition, C&D has entered into a worldwide technology license agreement with Matsushita Battery Industrial Co. Ltd. of Japan for selected patents and know-how relating to the manufacturing technology for the aforementioned products.

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