Euro Group, an Italian industrial company that supplies electrical steel laminations to the makers of electric motors and generators announced that it had purchased Tecumseh Products in Paris, Tennessee. In a further update on the purchased, the Milan, Italy-based company plans to use Paris, Tennessee as its American base of operations. Euro Tranciatura USA, or ETU, will be the new name of the company but don’t expect any new faces walking the factory as it will keep its current employees in the lamination division and hopes to add more jobs in the future. “We took ownership of the lamination division,” said Matteo Fassio, managing director for ETU in Paris. “The winding and the assembly will stay with Tecumseh for the time being. We have an option to buy everything (including the building) within the next two years.” He also confirmed that the 68 workers in the division are currently employees of ETU and will that number growing in the future. “The plan is to grow to one hundred and eighty people within the next five years,” he said. Read more here about this purchase and what the future holds for this company.