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http://www.nwitimes.com/news/local/sullair...de6f40b7f9.html

MICHIGAN CITY — Sullair, a long-established maker of air compressors and related products in Northwest Indiana, has been purchased by Hitachi.

Mayor Ron Meer said the city has been assured Hitachi is committed to Michigan City. The company hopes to expand the operation.

''They're staying here and staying established in Michigan City,'' Meer said. Sullair at 3700 E. Michigan Blvd. employs 550 people.

Jack Carlson, president of Sullair, is looking forward to working with his firm's new owner.

“We are thrilled by the prospect of partnering with Hitachi to grow Sullair as we embark together on the next chapter in our proud history,” he said.

According to Hitachi, the cost to acquire Sullair from its parent company, Accudyne Industries, was $1.24 billion.

Sullair was founded in 1965 in Michigan City and also has facilities in China and India.