19 Mar Thermodynetics, Inc. Acquires Vulcan Industries, Inc. of Sturgis, Michigan. Factors Forward-Looking that is regarding Disclosures.
Vulcan is always to stay in Sturgis and you will be handled by Keith J. Briggs, General Manager and Chief working Officer. Vulcan is a Tier II supplier towards the automotive industry and it is planning to start manufacturing, under a unique long haul supply arrangement, of exhaust manifold components for a unique motor recently manufactured by an automobile manufacturer that is major.
Robert A. Lerman, President of Thermodynetics said, "Mr. Briggs, who's one of several two founders of Vulcan, is well qualified to stay cost associated with Vulcan operations. Our company is anticipating operations that are solid development under Mr. Briggs's leadership. The honor of the single source agreement shows the technical convenience of Vulcan and it is one reason why the reason we feel Vulcan will likely to be a fantastic addition to your Thermodynetics group of organizations."