Sunnen Products forms joint venture with Brazilian distributor
Maplewood-based Sunnen Products Co.has formed a new joint venture with its longtime Brazil distributor, Hontech Ltda.
The new company, Sunnen do Brasil, will be located in Sao Bernardo do Campo SP, Brazil, and led by Hontech President João Bahia.
For nearly 20 years, Hontech has been the exclusive Brazil distributor of Sunnen honing systems and tooling. The new venture will manufacture abrasives locally and serve Sunnen’s customer base in Brazil.
“This new operation will enhance our competitiveness in the region and reduce lead times on key products,” Sunnen Products Chief Operating Officer Mike Haughey said in a statement. “Brasil has been, and will continue to be, one of the fastest growing economies in the world.”
Sunnen has exported its honing machines, tooling, abrasives and fluids since the 1930s. It has facilities in Belgium, China, the Czech Republic, France, Italy, Poland, Russia, Switzerland and the United Kingdom. The company also has a network of more than 50 factory-authorized distributors worldwide.
Sunnen Products Co. reported 2012 revenue of $107.5 million, down 1 percent from $108.6 million in 2011.
The company is owned by the Joseph Sunnen Trust for the beneficiaries of the Sunnen family, and it has more than 600 employees worldwide.
Source: St. Louis Business Journal