Sale of Fives North American’s Guiding Systems business group
On January 30th, 2015, Fives finalized the sale of Fives’ North American’s Guiding Systems business group to Maxcess International.
The Guiding Systems group, which had been part of Fives North American since 1957, was acquired by Maxcess International, a leading global provider of precision rolls, web guiding, winding, slitting and tension control products. Its large global sales force and manufacturing capabilities will allow this activity to grow internationally and to serve its customers with a greatly expanded array of products and solutions.
A focus on industrial combustion equipment
This sale will allow Fives North American to concentrate on its core business, i.e. the engineering and supply of high performance industrial combustion equipment dedicated to wide range of industries including Aluminum, Steel, Oil & Gas, and Incineration, as well as new furnaces and complete turnkey installation of combustion systems for retrofits.
Customers can contact Fife Corporation, the Division of Maxcess International that is now supplying and servicing the North American branded web and strip guiding products: sales(at)maxcessintl.com