Detroit Diesel Remanufacturing Corp. announced Wednesday, Feb. 28, that it has reached an agreement to acquire DMR Electronics of Hibbing, Minn., in order to meet the expanding needs of its remanufacturing business. Details of the purchase were not disclosed.
“Increased electronics content in the heavy-duty market has required Detroit Diesel Remanufacturing to continue to support our customers with genuine quality remanufactured electronic products,” says Friedrich Baumann, president of Detroit Diesel Remanufacturing. “We have been searching for just the right partner to carry out this mission and grow into this rapidly expanding section of the reman market. Clearly, DMR stood out as the best partner to us, with a 20-year track record of operational excellence, outstanding product quality and a business culture similar to our other five facilities in North America.”
DMR Electronics began operations in 1987 and specializes in the design, manufacturing and repair of industrial electronics. “We recognized that in order to grow in today’s competitive marketplace, we needed a partner with the same quality focus as DMR,” says Hugh T. Vidovic, president of DMR Electronics. “Becoming a part of Detroit Diesel Remanufacturing will enable us to bring together the synergies of our two organizations and build for the future with our proven remanufacturing, design and electronics assembly techniques. In addition, this is very positive news for the community, with the prospects of additional business and, more importantly, high-tech jobs.”
Vidovic will lead the engineering activities of the new company, and Gary Grangruth, chief operating officer of DMR Electronics, will lead operations and sales activities. “DMR’s corporate officers will remain in their leadership positions with the company, as a smooth transition and the leadership team’s expertise in electronics component remanufacturing are imperative to meet the aggressive growth initiatives of our remanufacturing business,” Baumann says.