IPD announces Joint Venture Turbocharger Supply Company
Posted on February 01, 2014
Industrial Parts Depot (IPD), LLC and BU Drive USA, Inc. Announce Joint Venture Turbocharger Supply Company
Torrance, California (January 31, 2014) - Industrial Parts Depot (IPD), LLC of Torrance, California (USA), and BU Drive USA, Inc., a BU Drive group company (BU Drive GmbH is based in Germany), are excited to announce the creation of a joint venture (JV) company named IPD Turbocharging Systems™. This new organization will focus on sales and service for the distribution of BorgWarner, Holset, IHI, and Mitsubishi turbochargers, and will provide IPD Remanufactured Turbos.
Russell Kneipp, President of IPD, states, "Turbochargers are a core component for the servicing requirements of IPD's global distribution network, and are an ideal complement to IPD's growing product portfolio. IPD has been involved for decades in the turbocharging industry, and this new JV with BU Drive USA (a technology and quality driven company) provides IPD with the opportunity to offer our customers a range of turbochargers with the level of service and quality that they demand."
Jack Lorimer, CEO of BU Drive USA, adds, "The combination of BU's turbocharger & remanufacturing technical expertise worldwide, along with IPD's sales, distribution, manufacturing, and quality processes, is a recipe for success in the critical and complicated business of turbocharging."
For more information concerning this JV, please contact us here.