AES Aqcuired by WHD Holdings
Peachtree City, GA, Dec. 23, 1998 -- John E. Hallberg, CEO
of Alternate Energy Systems, Inc. (AES), and Wolfgang Driftmeier,
president of WHD Holdings, Inc. (WHD), announced today that they have
completed the sale of AES to WHD.
John Hallberg, 76, and David Williams,
president of AES, have announced that they will retire in March of 1999,
after contributing actively to the smooth transition to the new ownership.
Thereafter, both will be available to AES as consultants.
All staff of AES will remain in place.
The company will continue to do business at its present location in
Peachtree City, GA, maintaining the name Alternate Energy Systems, Inc.
AES was founded by John Hallberg in
1974 and has built a reputation as the leading manufacturer of vaporizers
and mixers, used in propane standby systems throughout the world.
Approximately 40% of AES’s sales is in export.