IPD and BU Drive form joint venture
Industrial Parts Depot (IPD), LLC of Torrance, Calif., and BU Drive USA, Inc., a BU Drive group company based in Germany, announce the creation of a joint venture company named IPD Turbocharging Systems.
This new organization will focus on sales and service for the distribution of BorgWarner, Holset, IHI, and Mitsubishi turbochargers, and will provide IPD Remanufactured Turbos.
“Turbochargers are a core component for the servicing requirements of IPD’s global distribution network, and are an ideal complement to IPD’s growing product portfolio. IPD has been involved for decades in the turbocharging industry, and this new JV with BU Drive USA (a technology and quality driven company) provides IPD with the opportunity to offer our customers a range of turbochargers with the level of service and quality that they demand,” says Russell Kneipp, president at IPD.
Jack Lorimer, CEO of BU Drive USA, adds, “The combination of BU’s turbocharger and remanufacturing technical expertise worldwide, along with IPD’s sales, distribution, manufacturing, and quality processes, is a recipe for success in the critical and complicated business of turbocharging.”