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East Penn acquires Michigan lithium battery maker
Stacy Wescoe//August 16, 2019//
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East Penn Manufacturing, which manufactures batteries in Lyon Station, and is Berks County‘s largest employer, has acquired a manufacturer of lithium battery technology and systems for the heavy-duty commercial, government and defense markets.
East Penn said in a release that Navitas Systems of Ann Arbor, Michigan has a product line that will complement its own and has research and development expertise that will add to East Penn’s current lithium R&D program.
“East Penn and Navitas share corporate values of quality, research and development, and ethical integrity. Chairman and founder, Alan ElShafei, has built a rich company culture at Navitas very similar to ours here at East Penn. Navitas also shares our passion for producing safe, high quality Lithium products,” said Chris Pruitt, East Penn CEO and president. “We are happy to be joining in partnership with such a strong, well-established company.”
East Penn said it remains focused on manufacturing lead batteries and its continued innovation; however, expanding its offerings will help the company meet broader customer demands as well as enabling entry into new markets.
Navitas Systems will continue to be run by their current management team, and both of their research and manufacturing facilities will remain in Ann Arbor, Michigan.
