CHESTERFIELD, Mo.--(BUSINESS WIRE)--MiTek, Inc. has completed the purchase of Battery Technology Group from Teck Metals Ltd., a subsidiary of Teck Resources Limited. The Battery Technology Group has been part of Tecks Product Technology Centre (PTC), located in Ontario, Canada.
The Battery Technology Group has evolved into an internationally recognized business, known for innovation in the development of lead strip casters, rotary expander lines, and other related battery grid technology for lead-acid battery production. As the worlds leading supplier of continuous high speed SLI plate making technology, they represent about 40% of the worlds installed SLI plate capacity.
BTG will be managed by TBS Engineering, Ltd, the MiTek subsidiary headquartered in Cheltenham, UK. We are delighted to bring this talented group into the TBS family, said Laurie Gardiner, Managing Director of TBS, Their track record for innovation is a great fit with our successful, efficient business operations.
Teck Resources, Ltd. is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Further information about Teck can be found at: www.teck.com
MiTek, Inc. a subsidiary of Berkshire Hathaway, Inc., is the worlds leading supplier of products and services to the building components industry. With operations on six continents, MiTek companies develop and sell products and services in the residential, commercial, industrial and institutional construction markets. Visit www.mii.com for more information on MiTek or www.berkshirehathaway.com to learn about Berkshire Hathaway.
TBS Engineering Ltd., a subsidiary of MiTek, Inc, produces automatic assembling machinery for the battery industry. Headquartered in Cheltenham, UK, TBS was awarded the Queens Award for Industry in 1990, with nearly all the battery suppliers to the major car producers utilizing TBS equipment. For more information, visit www.tbseng.co.uk