Euro-Group and Kuroda Precision Industries Ltd. established a strategic partnership for the production and sales of stator and rotor laminations for electrical motors and generators in the North American Market. As a first step, Euro-Group and Kuroda have decided to operate together in the United States of America, by bringing their respective skills and a commitment to extend this cooperation to other regions. Euro-Group will provide its existing global manufacturing capacity and industry technologies, while Kuroda,in conjunction with Euro Group’s tooling expert Corrada, will ensure the supply and maintenance of press tools & dies, including its inner lamination technology. Kuroda will also offer stamped products (motor core, etc.) through its own and Euro-Group sales network. The Joint Venture named Eurotranciatura USA LLC is owned 90% by Euro and 10% by Kuroda. On February 28th 2014, Eurotranciatura USA finalized the acquisition of the lamination division of a leading American refrigeration compressor producer based in the town of Paris, Tennessee. Eurotranciatura USA became fully operation on March 3, 2014. The company has today 15 punching presses ranging from 160 to 600 T, 3 high-pressure aluminium die-casting machines, an installed annealing capacity of 15,000 lbs/hour, 3 laser-welding machines, machining and welding devices for assembling rotors and stators. This operation will allow Euro-Group to complete in North America, thanks to our central location in the U.S. and our strategic location in Queretaro, Mexico.

Develey is a family-owned and ran business since 1845. Currently, there are 17 facilities in 10 countries worldwide, with further expansion always on the agenda! Undoubtedly the 170 years of tradition, quality, and corporate flexibility have shaped the history of Develey. There is a strong feeling for authenticity and connection to local roots. These values go hand in hand with the commitment to innovation and growth. Develey USA develops and produces mustard and condiments for both private labels and under our brands - Tigertail and Dyer Mills. We work with numerous national retailers, and it is likely you have one of our products sitting in your pantry at home! We are German innovation and American ingenuity. Together we produce the highest quality brands and first-rate customer service. "As a family company, we think in terms of generations and rely on sustainable, economic, management. This is the only way our company can remain competitive and inheritable" MICHAEL AND STEFAN DURACHMANAGING DIRECTOR OF DEVELEY SENF & FEINKOST GMBH