Crown Battery Acquires Industrial PowerSource, Inc.

FREMONT, OH / ACCESSWIRE / March 30, 2017 / Crown Battery, the leading manufacturer of advanced technology, 99% recyclable batteries, completed the acquisition of Industrial PowerSource (IPS), Inc. of Santa Fe Springs, CA. IPS is an innovative distributor and servicer of industrial batteries and chargers for lift truck dealers and end-users of electric material handling equipment.

The acquisition gives Crown Battery a factory-owned facility in Southern California, North America’s largest material handling battery market at more than $75 million per year.

Crown’s acquisition strengthens its ability to serve its customers in SoCal and surrounding markets.

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Industrial PowerSource will be operated as a wholly-owned subsidiary of Crown Battery. The acquisition includes the 20,000-sq. ft. IPS company facility, its combined resources, and its 25-employee staff. IPS is an important part of the Santa Fe Springs community and a long-time partner of Crown Battery.

“Crown and IPS have been working together closely for 15 years,” says Mark Kelley, Vice President of Crown Battery’s Industrial Products Group. “They’ve combined our products with their service and support to become one of SoCal’s premier motive power companies. And this strategic move will bring our teams even closer, so we can drive future growth and deliver even greater value and service to our customers.”

Crown Battery started operations in 1926 as a supplier of lead batteries for cars. The company now delivers power on six continents, in applications ranging from material handling and heavy-duty commercial, to mining, electric vehicles, and renewable energy. An automated assembly process includes robotic welding, computerized mixing, and the industry’s heaviest plates — for longer life and improved performance. Crown batteries are also 99% recyclable, besting even the aluminum can.

Hal Hawk, President and CEO of Crown Battery, says, “We’re thrilled to welcome Industrial PowerSource to the Crown Battery family. We believe in their quality and reputation, and IPS is a leader in battery distribution and sales. This acquisition will expand our reach and allow us to better serve our customers and clients in California and surrounding areas.”

Bill Brooks, Founder and former President/CEO of IPS, says, “We look forward to expanding this business to the next level in the Southern California market.”

The market for lead batteries continues to grow with increased demand in material handling, renewable energy, and other markets. Crown’s lead batteries offer the lowest cost of ownership of battery technologies, along with significant performance and safety advantages. According to the United States Environmental Protection Agency (EPA), lead batteries are the most recycled and recyclable product in North America.

About Crown Battery:

Since 1926, Fremont-based Crown Battery is the leading manufacturer of advanced-technology, lead batteries. Crown manufactures batteries for markets including material handling, renewable energy, electric vehicles, floor-care, marine, commercial truck, automotive aftermarket, mining, and railroad. To learn more about Crown’s advanced technology and over 90 years of commitment to the community, visit http://www.crownbattery.com.

Media Contact:
Tony Zarembski
734.926.5105
http://www.crownbattery.com/

SOURCE: Crown Battery

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