Gearing and Electronic Solutions

TWG Acquires Tulsa-based Gear Products, Inc.

For more information, contact:
Mike Walz
Vice President, Sales and Marketing
TWG
918.298.8300
mwalz@team-twg.com

FOR IMMEDIATE RELEASE

JENKS, OKLA., October 1, 2010 – Tulsa Winch Group, an operating unit in Dover Corporation’s (NYSE: DOV) Industrial Products Segment, and a leading provider of industry-specific winches, hoists, gear drives and monitoring electronics for energy, infrastructure and recovery markets, announced today it has acquired Gear Products, Inc. from Blount International, Inc. Gear Products, based in Tulsa, Oklahoma is a major manufacturer of mechanical power transmission components for original equipment manufacturers, serving the utility, construction, forestry, marine, and mining markets. Financial terms of the transaction were not disclosed.

 

“Integrating Gear Products into TWG’s brand and product portfolio offers a tremendous opportunity to strengthen our presence in markets we currently serve, enter new markets with adjacent products made only by Gear Products, and integrate our leading-edge electronics into their offering.” said TWG President Steve Oden. “TWG and Gear Products already serve many common customers, so from a business standpoint TWG can now provide customers access to a broader group of products, a more robust sales, service and support base, and added capabilities to become a one-stop shop for comprehensive geared and electronic solutions. Additionally, TWG’s rapidly expanding international presence will provide Gear Products with market opportunities they have never before explored.”.

About TWG

Headquartered in Jenks, Okla., TWG is a global leader in the manufacture of standard and engineered winch, gearbox and electronic monitoring systems serving the infrastructure, onshore oil and gas, utility, towing and recovery, and marine markets. It is comprised of six companies that produce industry-specific geared and electronic solutions including DP Manufacturing, Greer Company, LANTEC Winch and Gear, Pullmaster Winch Corporation, Tulsa Winch, Inc., and now Gear Products, Inc. TWG is a Dover Company. For more information about TWG, visit www.team-twg.com.

About Dover Corporation

Dover Corporation is a global portfolio of manufacturing companies providing innovative components and equipment, and specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information about Dover Corporation, visit www.dovercorporation.com.

Aerial shot of TWG facilities.

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Über TWG

Die TWG hat ihren Hauptsitz in Oklahoma und besteht aus fünf Unternehmen, die sich auf branchenspezifische Winden und zugehörige Elektroniksysteme spezialisieren. Diese sind DP Winch, Greer Company, LANTEC, Pullmaster und Tulsa Winch. TWG ist ein Geschäftsbereich der Dover Corporation, ein an der NYSE notierter Multi-Milliarden-Dollar-Konzern, der ein vielseitiges Sortiment von Produkten und Bauteilen für den gewerblichen und industriellen Einsatz herstellt.

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