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Tripmaster sells shares

Published Saturday, April 01, 2006

Control Instruments Group Limited of South Africa has acquired a majority share in Tripmaster Corp. Tripmaster will continue selling and supporting its products in North America from its U.S. headquarters in Arlington, TX, according to the company, and Richard M. Geib, former majority owner and CEO, will also continue as president & CEO and as a minority investor. Founded in 1946 and headquartered in Cape Town, South Africa, Control Instruments is a supplier of automotive electronics products to original equipment manufacturers, (such as Daimler Chrysler, BMW, Toyota, Volkswagen, Ford and General Motors worldwide), a major distributor of automotive ...

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