Tramont Manufacturing, a producer of components for the standby power industry, has acquired Compo Steel Products, marking its entry into the locomotive industry. The acquisition also greatly increases Tramont’s production capacity. Compo is continuing operations as a division of Tramont Manufacturing under the name Motive Energy.
Motive Energy’s product line includes electrical enclosures for multiple applications. While best known for creating precision components for passenger and freight locomotives, the company also serves the surface and underground mining equipment, alternative energy, utilities, military, and infrastructure industries.
“Our business continues to grow,” said Tramont Chief Executive Officer Nand Kumar. “The new facility helps us meet increasing demand for Tramont products. At the same time, Motive Energy provides an opportunity for us to apply our skills, knowledge and resources as we reach out into new markets.”
As part of the acquisition, Tramont has taken ownership of the former Compo manufacturing plant, located less than a mile from Tramont’s current Milwaukee, Wis., facility. The building is situated on a large site that offers ample space for planned future expansion. Over the next few months, Tramont will begin transferring production to the new facility, which offers increased floor and vertical space, greater crane capacity and state-of-the-art fabrication machinery, all ideally suited to Tramont’s product line.
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