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On March 9, 2021, Clyde Bergemann Power Group (CBPG) successfully acquired Diamond Power Machine Hubei Co. Inc. (DPMH), the Chinese operations of Diamond Power, from Babcock & Wilcox. A central element of this transaction is the take-over of the DPMH production facility in Jingshan, Hubei that is now under full control of Clyde Bergemann.
Today, only two weeks after closing, the first batch of Clyde Bergemann sootblowers has been manufactured at the new facility and is on its way to the customer’s site.
This batch is the starting point for a successful production of Clyde Bergemann products in Jingshan that will be complemented by a license agreement with Babcock & Wilcox that permits Clyde Bergemann to manufacture and sell original DPMH products and spare parts, on an exclusive basis in China.
As a leading provider of products contributing to efficient and low-emission conversion and production processes, this acquisition will further enhance Clyde Bergemann’s offering to its customers, both in China and internationally.