[July 02, 2014]

Atlas Copco: Quincy Compressor LLC to Consolidate U.S. Operations

Atlas Copco-owned Quincy Compressor LLC will consolidate the company's two U.S. based manufacturing units into one single location in Bay Minette, Alabama.

As a consequence, 152 positions will be affected at Quincy's operations in Illinois, and a number of new positions will be created at the Alabama location. It is estimated that the transition will be concluded in the coming 12 months.

The Alabama operation best positions the company to fully leverage efficiencies and synergies, as well as further enhance the long-term commitment to the customers.

Quincy Compressor, within the Compressor Technique business area, employs approximately 550 people throughout the United States in a variety of roles.

Atlas Copco (STO:ATCOA) (STO:ATCOB) is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy fficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.

Atlas Copco's Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.

Quincy Compressor is a leading designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and a full line of air treatment components. In business since 1920, Quincy has built its reputation on quality and rugged reliability, building tough air compressors for the most demanding applications. The Quincy brand is synonymous with quality, delivering "Performance You Demand. Reliability You Trust." To learn more, visit www.quincycompressor.com.

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