Moeller Marine purchases TempoPosted on
Moeller Marine Products has acquired the assets and intellectual property of Tempo Products Inc. for an undisclosed price.
Tempo Products was a leading marine accessories manufacturer specializing in the aftermarket fuel category since 1962. The company ceased all manufacturing operations and closed its Solon, Ohio, factory last year. Industry sources said at the time that the company’s owner, Patrick McKenna, wanted to retire and didn’t have anyone in place to take the helm.
Moeller Marine Products is a leading OEM manufacturer and aftermarket accessory manufacturer. All assets from the acquisition will now be located at Moeller’s manufacturing plant in Sparta, Tenn.
“The acquisition of Tempo Products Inc. further strengthens our position in the fluid storage and transfer technology business,” said Bob Beagle, senior vice president of Moeller Marine Products, in a statement.”
Plans to market both Moeller and Tempo brand products are currently being developed.