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Hammond Takes Equity Stake In Taiwan Manufacturer Ritec

Hammond Manufacturing, Cheektowago, N.Y., has taken a significant equity stake in Ritec Enclosures, a Taiwan-based manufacturer of similar products. As the first tangible result of the new arrangement, Hammond will distribute Ritec products in North America and Europe, while Ritec Enclosures, which has a strong presence throughout the Far East and China, will become a key distributor for the Hammond product range in the region. Ritec’s products fit with Hammond’s own manufactured product

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