Announced
Completed
Synopsis
OTC Industrial Technologies, an industrial equipment service provider and distributor, completed the acquisition of American Industrial Corporation, a provider of liquid and powder finishing equipment, dispense application products, and filtration products. Financial terms were not disclosed. “For its over 50 year history, American Industrial Corporation (AIC) has served its finishing and powder coating customers with leading application knowhow, equipment systems design, fabrication and installation support. This acquisition is a key part of our strategy to expand our technical sales and service capabilities. We are excited to have AIC team join our family of OTC companies,” Bob Wilson, OTC President.
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