WEG S.A., the Brazilian motor manufacturer with U.S. headquarters and warehouse in Atlanta, last month purchased a competitor in Indiana to expand its presence in the American market.
Though terms of the deal were not disclosed, Bluffton Motor Works sold $64 million worth of motors up to five horsepower in strength used in food processing, industrial equipment, pumps and other products throughout 2015.
WEG inherited the company’s 400,000-square-foot headquarters and 400 employees in the Indiana city of Bluffton.
Luis Alberto Tiefensee, managing director of the Brazilian company, said the purchase will expand the company’s reach and add flexibility in the U.S. market, which he called the largest for fractional electric motors.
The announcement was followed a month later by a $120 million factory investment in Rugao, China, just over 100 miles from Shanghai, as the company continues its global expansion.