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INDUSTRIAL | Machinery & Equipment
minster.com

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Stage

Acquired | Acquired

About The Minster Machine Company

The Minster Machine Company is a supplier of equipment and services for the material forming industry providing single source total solutions for manufacturing equipment and services.

The Minster Machine Company Headquarter Location

240 West Fifth Street

Ohio, 45865,

United States

419-628-2331

Latest The Minster Machine Company News

Nidec Shimpo to Acquire Minster Machine Company, U.S.A.

Dec 7, 2016

Nidec Corporation (NYSE: NJ, the “Company”) today announced that Nidec Shimpo Corporation (“Nidec Shimpo”), a wholly owned subsidiary of the Company and a leading manufacturer of precision speed reducers, has agreed with the shareholders of The Minster Machine Company (“Minster”), a leading U.S. manufacturer of press machines with an operating history of over 110 years, to acquire all of the outstanding shares in Minster (the “Transaction”), and that Nidec Shimpo has entered into a share purchase agreement with the shareholders of Minster on March 5, 2012. 1. Purpose of the Transaction In July 2011, the Company transferred its ownership interest in Nidec-Kyori Corporation (“Nidec-Kyori”), a manufacturer of press machines, to Nidec Shimpo and, as a result, Nidec-Kyori became a wholly owned subsidiary of Nidec Shimpo. Nidec-Kyori sells its products primarily to manufacturers of electronic parts, including connectors, and is particularly strong in the small-sized high speed precision press machine markets (15 ton to 200 ton capacities) in Japan and China. Minster manufacturers medium-sized and large-sized high speed precision press machines (10 ton to 1,650 ton capacities), and sells its products to a broad range of customers, including manufacturers of electronic parts, motors and food packaging machines. Minster sells products in 80 countries and especially has a strong presence in the press machine market in North and South America and a substantial global market share as a leading manufacturer of press machines for food and beverage cans. Following the Transaction, Nidec Shimpo aims to (1) increase sales by selling Minster’s large-sized press machines through Nidec Shimpo’s (and Nidec-Kyori’s) sales channels in Asia and by selling Nidec-Kyori’s small-sized high speed precision press machines through Minster’s sales channels in North and South America and Europe, (2) expand product offerings by using Nidec-Kyori’s small-sized high speed precision press technology and Minster’s large-sized high rigidity precision press technology as mutually supplementary technologies, and (3) share manufacturing facilities and equipment with Minster. As a result of the Transaction, the Company is expected to have, within its group of companies, a more comprehensive precision press machine manufacturer with product offerings ranging from small-sized high speed press machines to large-sized high rigidity press machines. 2. Information on Minster

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The Minster Machine Company Patents

The Minster Machine Company has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/17/2007

5/1/2012

Sensors, Accelerometers, Mechanical vibrations, GPS navigation devices, Mechanical engineering

Grant

00/00/0000

00/00/0000

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Application Date

7/17/2007

00/00/0000

Grant Date

5/1/2012

00/00/0000

Title

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Related Topics

Sensors, Accelerometers, Mechanical vibrations, GPS navigation devices, Mechanical engineering

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Status

Grant

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