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Australia-Based PWR Group Acquires C&R Racing
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Global cooling solutions company PWR Group, based in Queensland, Australia, has purchased North American manufacturer C&R Racing Inc.
PWR is a supplier of motorsports cooling systems for premier race series around the world, including Formula 1, WEC, WRC, DTM, NASCAR and IndyCar. PWR is an OE manufacturer for Porsche and Aston Martin, as well as a top tier global supplier for the high performance automotive aftermarket.
C&R Racing was founded by Chris Paulsen, former IndyCar Series chief mechanic, in December 1988 in Indianapolis, Indiana. C&R manufactures cooling systems, specialized chassis components, and drivetrain packages, and the company's brand has been a presence in NASCAR, among other sanctions, for the past 24 years.
“We have supplied C&R with PWR product for a number of years,” said PWR co-owner Kees Weel. “We see this acquisition as bringing together two like-minded, dominant businesses to create a much larger footprint in the USA. The opportunities available to the combined PWR/C&R group in the USA are significant.”
“We have watched PWR rapidly grow into the premier performance cooling system manufacturing company in the world,” said C&R owner Chris Paulsen. “Their world class engineering and incredible flexibility is unlike any company we’ve ever done business with. Joining our two companies will create the most powerful, high performance cooling system company in the world.”
PWR will utilize the C&R brand for its US operations while retaining the PWR brand throughout the rest of the world. Paulsen will become president of the rebranded C&R Racing, Inc.
PWR co-owner Paul Weel noted, “C&R run a first class business and bring another dimension to PWR through their fabrication and machining capabilities, plus their access to USA automotive markets. It really is a case of one plus one equals three.”
PWR is a supplier of motorsports cooling systems for premier race series around the world, including Formula 1, WEC, WRC, DTM, NASCAR and IndyCar. PWR is an OE manufacturer for Porsche and Aston Martin, as well as a top tier global supplier for the high performance automotive aftermarket.
C&R Racing was founded by Chris Paulsen, former IndyCar Series chief mechanic, in December 1988 in Indianapolis, Indiana. C&R manufactures cooling systems, specialized chassis components, and drivetrain packages, and the company's brand has been a presence in NASCAR, among other sanctions, for the past 24 years.
“We have supplied C&R with PWR product for a number of years,” said PWR co-owner Kees Weel. “We see this acquisition as bringing together two like-minded, dominant businesses to create a much larger footprint in the USA. The opportunities available to the combined PWR/C&R group in the USA are significant.”
“We have watched PWR rapidly grow into the premier performance cooling system manufacturing company in the world,” said C&R owner Chris Paulsen. “Their world class engineering and incredible flexibility is unlike any company we’ve ever done business with. Joining our two companies will create the most powerful, high performance cooling system company in the world.”
PWR will utilize the C&R brand for its US operations while retaining the PWR brand throughout the rest of the world. Paulsen will become president of the rebranded C&R Racing, Inc.
PWR co-owner Paul Weel noted, “C&R run a first class business and bring another dimension to PWR through their fabrication and machining capabilities, plus their access to USA automotive markets. It really is a case of one plus one equals three.”
