News

Diamond Power introduces new HydroJet®-Retractable

10 Sep 2012

Diamond Power International, Inc. (DPII) announced the launch of its new ...

Read more >>

Diamond Power International, Inc. Announces Acquisition of German Material Handling Business

10 Sep 2012

Diamond Power International, Inc. (DPII) today announced the acquisition, by an ...

Read more >>

Diamond Power International, Inc. Announces Acquisition of German Material Handling Business

10 Sep 2012

Diamond Power International, Inc. (DPII) today announced the acquisition, by an affiliate, of Anlagenbau und Fördertechnik Arthur Loibl GmbH (Loibl), a privately held Straubing, Bavaria, Germany-based manufacturer of material handling equipment. The company now operates as Loibl Allen- Sherman-Hoff GmbH.

The acquisition positions DPII's Allen-Sherman-Hoff unit to continue diversifying and expanding its products and services portfolio, and its global reach to customers. Loibl serves a variety of power generation and industrial markets in Europe, which will be complemented with the introduction of Allen-Sherman-Hoff's fly ash and bottom ash handling technologies. Likewise, Loibl products provide broader technology solutions to customers as well as growth opportunities for the Loibl Allen-Sherman-Hoff business.

"Loibl's outstanding reputation, advanced technology and more than 50 years of experience will be valuable additions to DPII's portfolio of products," said Eileen Competti, President of DPII. "Allen-Sherman-Hoff is a globally recognized leader in ash handling solutions for the power generation and other industries. Combining the capabilities and global reach of these two leading companies will bring new technologies and solutions to our customers and will allow us to serve a variety of new industries."

About DPII

DPII  is a globally acknowledged market leader in all aspects of boiler cleaning and ash handling. For more than 100 years, DPII has consistently provided innovative technologies and solutions for power generation, pulp & paper, and industrial marketplaces. Diamond Power is headquartered in Lancaster, Ohio, with more than 80 field sales, service support, distribution and manufacturing locations throughout the world. The company is located on the Internet at www.diamondpower.com .

(LANCASTER, OH - 2012) -

Cautionary Statement Regarding Forward Looking Statements

DPII   cautions that statements in this release relating to the Loibl acquisition that are not historical facts are forward-looking and involve a number of risks and uncertainties, including, among other things, our ability to successfully operate Loibl's operations, products and technology with our Allen-Sherman-Hoff unit. If these or other risks materialize, actual results may vary materially from those expected.