Pure Power Technologies (PPT) has announced that it has been acquired from Navistar Inc., by an investment team whose principals include the Smithfield Group and Kensington Capital Partners. As a result, PPT has now become an independent supplier of high-performance diesel fuel-injection systems and precision machining products and systems for medium- and heavy-duty truck applications.
“Pure Power Technologies’ independence provides us with a tremendous opportunity for product diversity and growth,” said Jerry Sweetland, the company’s president and chief executive officer. “We are now well positioned to bring our world-class diesel technologies, precision manufacturing and testing capabilities to new market segments and customers that complement our core business with related products and solutions.”
The company offers full “original equipment” design, engineering, manufacturing and remanufacturing capabilities for components used in Class 3-8 truck engines. The company will continue to supply fuel-injection systems to Navistar, its former owner, as well as the other OEMs.
