Trojan Battery being acquired by C&D Technologies

ThreeCW

It looks like a change of guard at the Trojan Battery Company. I had a look at CD Technologies online and they look like a pretty interesting company.
I suspect this is where the new Trojan Trillium Lithium technology is coming from (see: http://www.buggiesgonewild.com/elect...n-lithium.html)

From the attached press release:

Trojan Battery Company and Charlesbank Capital Partners Announce that C&D Technologies will Acquire the Trojan Business

Santa Fe Springs, California – November 6, 2018

Trojan Battery Company, LLC, the world’s leading manufacturer of deep-cycle energy storage solutions, announced today that its current majority owner, an affiliate of Charlesbank Capital Partners, has reached an agreement with C&D Technologies, a portfolio company of KPS Capital Partners, for C&D Technologies to acquire Trojan.

This acquisition will combine two leading battery manufacturers with complementary product portfolios to create one of the largest energy storage providers with over $1.0 billion of revenue, eight manufacturing facilities and a presence in every major region. The transaction is expected to close in approximately 60 days.

“Trojan Battery is an industry leader with a great heritage and an amazing team of employees,” said Neil Thomas, president and CEO of Trojan Battery. “I’m excited about the agreement with C&D and believe that it will secure the company’s future and position it for even greater success in the years ahead.”

The Godber family started Trojan Battery in 1925 and built it into one of the leading deep-cycle battery manufacturers in the world. “I am enthusiastic about the transaction that is taking place with KPS and C&D,” said Rick Godber, Chairman of the Board. “Although this will end 93 years of ownership in Trojan for the Godber family, we all look forward to watching the continued growth and success of the brand and its legacy.”

Thomas added, “I, in conjunction with the Godber family, am very appreciative of the continuous support provided by Charlesbank Capital Partners. Their commitment to Trojan has enabled the business to achieve significant growth and success over the past five years.”

“The synergies between Trojan and C&D will create a global leader in energy storage solutions with two iconic brands, quality products and the ability to supply advanced battery technologies to customers around the world,” Thomas said.

“Given C&D and Trojan’s complementary portfolios of global manufacturing plants, markets and products, this is a highly compelling combination with tremendous strategic value and an exciting multi-segment growth opportunity,” said Armand Lauzon, Chief Executive Officer of C&D. “We are committed to preserving everything about C&D and Trojan that our respective loyal customers, suppliers and employees have come to expect over the years, while also using our larger scale and resources to take advantage of many exciting new opportunities.”

About Trojan Battery Company
Trojan Battery is the world’s leading manufacturer of deep-cycle energy storage solutions and a battery technology pioneer, having built the first golf car battery in 1952. Trojan batteries provide power for a wide variety of motive and stationary applications that require deep-cycle battery performance, including aerial work platform/MEWP, airport ground support equipment, floor cleaning machines, golf and utility vehicles, marine/RV, material handling, oil/gas and renewable energy industries. Founded in 1925, the company is ISO 9001:2015 certified with operations in California and Georgia and maintains two of the largest and most extensive research and development centers in North America, dedicated to engineering new and advanced battery technology. For more information about Trojan Battery visit www.trojanbattery.com

About C&D Technologies, Inc.
C&D, headquartered in Blue Bell, Pennsylvania, manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power. The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets. C&D consistently creates innovative products and processes that improve performance and increase long-term value for its customers. The Company operates four manufacturing facilities located in the United States, Mexico and China with sales and distribution in Canada, Latin America, Europe and Middle East and India. The Company employs approximately 1,400 associates worldwide. For more information about C&D, visit www.cdtechno.com

Attached Files

Trojan_Battery_Company_Acquired_by_CD_Technologies_Final.pdf (211.4 KB, 0 views)

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Mooncarter

Says: ...will combine two leading battery manufacturers..."

What battery does C&D make?

1sharphook

I suspect the Trillium will be coming from K2:

https://k2battery.com/product/k2-aux...y-12-8v-111ah/

ThreeCW

They make a lot of various lead acid industrial batteries for standby applications. They have some pretty detailed information on float charging on their site. I see they also produce Lithium batteries.

dundeebarnbuggy

I can see the quality going downhill all the way from here in Canada!

ThreeCW

I suspect that you are right. See photos and specs attached. The case design at least comes from the same manufacturer

Attached Images

	K2 Energy 12.8V 111Ahr.JPG (81.5 KB, 0 views)
	Trojan Trillium 12.8v 110Ahr.JPG (67.0 KB, 0 views)

NoleFan4Ever

If US Batteries sells out I guess we will all go to Eveready...

Fairtax4me

Hopefully they keep the Trojan quality. Just have to see how things go in the next year.
Worst case, we all just switch to lithium!

DaveTM

It's gonna be one or the other. (Downhill or a forge ahead leader) The challenge for the acquirer of Trojan will be to continue it's development at price points that the consumer believes are quality and in their price range.....or the downhill side of "We bot it....and now we will milk every stinking cent of profit that we can."

Progressive leadership is a tough thing.

Mooncarter

I'll have to agree with this. If they are smart they will used the combined resources to at least maintain quality and reduce prices. They will have an even larger share of the market. They should even have better logistics now.

They will either take this thing and run with it, or they screw up a good thing and a great opportunity. I expect the golf cart market to grow considerably new and used, and all the electrics need batteries.