East Penn Man­u­fac­tur­ing, ac­quires ma­jor­ity in­ter­est of Michi­gan bat­tery com­pany

The Morning Call - - NATION & WORLD -

East Penn Man­u­fac­tur­ing Co. said Thurs­day it has ac­quired a ma­jor­ity in­ter­est in a Michi­gan bat­tery com­pany.

Nav­i­tas Sys­tems’ prod­ucts will com­ple­ment East Penn’s of­fer­ings, and its lithium re­search and de­vel­op­ment ex­per­tise will add to East Penn’s lithium R&D pro­gram, ac­cord­ing to a news re­lease. Nav­i­tas will con­tinue to be run by its man­age­ment team, and both its re­search and man­u­fac­tur­ing fa­cil­i­ties will re­main in Ann Ar­bor, Michi­gan.

Berks County-based East Penn said the acquisitio­n will ac­cel­er­ate ex­pan­sion of its “Mo­tive Power” bat­ter­ies as well as its in­te­gra­tion into other mar­ket seg­ments.

Other terms of the deal were not dis­closed.

“East Penn and Nav­i­tas share cor­po­rate val­ues of qual­ity, re­search and de­vel­op­ment, and eth­i­cal integrity,” said Chris Pruitt, East Penn’s pres­i­dent and CEO. “Nav­i­tas also shares our pas­sion for pro­duc­ing safe, high­qual­ity lithium prod­ucts.”

Founded in 1946, East Penn is a lead­ing man­u­fac­turer of leadacid bat­ter­ies and ac­ces­sories for the au­to­mo­tive, com­mer­cial, ma­rine and telecom­mu­ni­ca­tion mar­kets. It has about 9,300 em­ploy­ees, the ma­jor­ity at its head­quar­ters in Lyon Sta­tion, and is Berks County’s largest em­ployer.

The com­pany also leases a 650,000-square-foot ware­house at Spring Creek Prop­er­ties in Lower Ma­cungie Town­ship that it uses for dis­tri­bu­tion.

The Morn­ing Call

MORN­ING CALL FILE PHOTO

Work­ers ap­ply fin­ish­ing touches to Deka bat­ter­ies at the East Penn Man­u­fac­tur­ing Co. fa­cil­ity in Berks County in 2010.

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