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Trojan Battery has new investment partner
10th of July 2013
US-based batteries manufacturer Trojan Battery has a new investment partner - Charlesbank Capital Partners. Trojan has been owned by the Godber family since it was founded in 1925 and this move introduces the first outside equity for the company. The management team has also invested and the Godber family maintains its significant ownership.
"Trojan sees diverse opportunities to continue to grow our business and increase market share with Charlesbank as our new partner," said Jeff Elder, president and chief executive officer of Trojan Battery.
"Trojan takes pride in cultivating strong relationships with our customers and we are pleased to have raised capital that will help the company expand and meet its full potential. Charlesbank's experienced team will be a valuable strategic resource as we move ahead in establishing our US-based manufacturing facility for AGM batteries and our continued global expansion."
"The Godber family is dedicated to playing a significant ongoing role in the evolution of the Trojan brand and company in conjunction with Charlesbank," added Rick Godber, chairman of the board for Trojan Battery.
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