East Penn Manufacturing, acquires majority interest of Michigan battery company
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
Workers apply finishing touches to Deka batteries at the East Penn Manufacturing Co. facility in Berks County in 2010.