MagneTek forms new business units

July 28, 2000
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NEW BERLIN, WI — MagneTek Drives and Systems, based here, says it is regrouping to form two new business units designed to couple maximum customer focus with emphasis on key growth markets.

Consolidation of products and services for the crane and hoist, materials handling, elevator, mining, and power conversion industries into a new Industrial Controls Business Unit is part of the overall change.

This new unit will focus on the automotive, textile, commercial hvac, semiconductor fabrication, commercial laundry industries, and food and beverage industries. Both business units will continue to operate as elements of MagneTek Drives & Systems.

The Drive Products Business Unit, led by Michael Knapek, vice president and general manager, will be based at MagneTek Drives & Systems headquarters in New Berlin.

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