Ideal Electric Company of Mansfield, Ohio Plans Hiring Expansion
09/15/2017
Under new ownership, many current Ideal Electric associates have retained their positions, and additional, new associates are expected to be hired as the organization ramps up, Gulf Electroquip officials said. Customers of the former Hyundai Ideal Electric Co. will be fully serviced and all warranties will be honored, while orders for parts, service and new and replacement machines will be accepted and fulfilled immediately.
Ideal Electric is a globally established American manufacturer of electric motors and generators, switchgear and control systems for all applications including industrial, oil, gas and petrochemical, water and infrastructure, pulp and paper, air handling, marine, mining, power generation and renewable energy. The founding team, led by entrepreneurs George Jackson, Jim Petersen, Jr. and Nicholas Phillips, is headquartered in Houston, Texas.
Petersen, a 3rd generation family owned electric machinery manufacturer, and President Gulf Electroquip, says, “As an electrical engineer myself I've known of, and respected Ideal Electric’s market leadership in power equipment and we are incredibly honored to have this opportunity to renew and extend Ideal Electric’s service to hundreds of marquee customers around the world. We are all looking forward to this new venture in Ohio and to being a positive member of the community in Mansfield as we roll up our sleeves and get back to work serving the loyal customers of Ideal Electric.”
“The industry has admired the Ideal Electric name and the robustness of the products for more than a century,” said Nicholas Phillips, Founding Team Member. “We intend to fully support legacy products through a renewed focus on service, parts and repair, while also expanding our product offering with innovative technologies and new commercial partnerships,” added Phillips.
The purchase of Ideal Electric returns the 114-year-old business to private hands and allows for all options to be on the table in Richland County as the Company is re-imaged in the globally competitive marketplace, officials said.
Project Announcements
Delta Star Expands Lynchburg, Virginia, Manufacturing Operations
04/21/2025
Gillespie Precast Plans Asheboro, North Carolina, Manufacturing Operations
04/21/2025
Japan-Based TMEIC Corporation Americas Plans Waller County, Texas, Manufacturing Operations
04/21/2025
South Korea-Based Samkwang Plans Tuskegee, Alabama, Operations
04/21/2025
CRH Plans Roswell, Georgia, Operations
04/21/2025
GE Aerospace Expands Batesville, Mississippi, Manufacturing Operations
04/20/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025