Magnetek has Signed a Distribution Agreement with Chinese Company to Expand Presence of its Products in China

Magnetek has signed a distribution agreement with Asiastars Electronic Technologies to increase the presence of its products in the Chinese marketplace.

Magnetek Radio Products
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Magnetek Inc. announces that it is expanding international distribution of its radio control products in China. The company has signed a distribution agreement with Beijing Asiastars Electronic Technologies Co., LTD (AET). Under terms of the agreement, AET will serve as the exclusive distributor of Magnetek’s radio control products to the material handling and mobile hydraulic industries in the People’s Republic of China. Founded in 2005 and headquartered in Beijing, China, AET supplies electronic technology to material handling and mobile hydraulic equipment manufacturers and end users through its network of sales offices and resellers. Magnetek and AET will introduce Magnetek’s radio control products to the Chinese marketplace at bauma China, the International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment, taking place November 27 to 30, 2012 in the Shanghai New International Expo Centre (SNIEC).

“We are extremely pleased to announce this international distribution agreement with AET. We believe radio control products provide an important growth opportunity for Magnetek, and expansion of our distribution channel to reach new customers outside North America is a key strategic growth initiative,” says Peter McCormick, president and chief executive officer for Magnetek. “This fast-growing market provides significant opportunity as Chinese manufacturers recognize the benefits of using radio control to improve productivity and safety.”