PCL acquired by Horn Tecalemit
The management of Pneumatic Components Limited, or PCL, reports that Germany’s HORN GmbH & Co.KG (Horn Tecalemit) has acquired all shares in the Sheffield-based business for an undisclosed sum. This deal took effect on 1 October 2011 and although the two companies will continue to trade independently, PCL and Horn Tecalemit say the acquisition will give both firms “access to a wider range of complementary products” and benefit customers, suppliers and company employees.