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PurePower Technologies is introducing a new turbocharger for light-duty trucks. Turbocharged might be an apt description for the Midlands company’s recent performance.
Always a solid performer as part of multi billion-dollar global companies, the truck parts manufacturer has flourished in the year since it was spun off. It’s now a S120 million company by itself, according to Gerald Sweetland, president and chief executive.
“I think we’ve built a really solid foundation for growth,” he says. “It’s a new chapter for PurePower and we expect it to end positively.”
In February 2016, a deal was announced in which Navistar Inc. would sell PurePower Technologies to a pair of private equity firms. PPT, operating independently, would then take on Navistar as one of its primary customers.
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pub name: Columbia Business Monthly