Minster Set to be SoldApril 1, 2012
The Minster Machine Co., Minster, OH, is being acquired by Nidec-Shimpo, a division of Nidec Corporation. Kyoto, Japan. The transaction is expected to be completed early in April 2012. Says John Winch, Minster president and CEO: “We feel the acquisition by Nidec will give Minster a much larger competitive global footprint in the machinery, automation and services marketplace, while maintaining local production and management.” Operations will continue in Minster, and current owners John and David Winch will remain with the organization, as will the balance of the management team.
See also: Nidec Press & Automation
Technologies: Stamping Presses