Aalberts Industries N.V.: Aalberts strengthens surface treatment network in North America
September 06 2018 - 1:30AM
Langbroek, 6 September 2018
Aalberts Industries N.V. has reached an agreement
to acquire 100% of the shares of Roy Metal Finishing Company, Inc.
(RMF) based in Greenville, South Carolina, USA, generating an
annual revenue of approximately USD 30 million with 200 FTE.
RMF, founded in 1961 by Donald Roy and built by
Clifford Roy, operates from three service locations and is
specialised in corrosion protection surface technologies for the
automotive, general industries and aerospace end markets. The
service locations are strategically positioned near many OEMs in
the southeastern region of the USA.
RMF is an industry leader in areas of process
technology, innovation, customer service and operational
efficiency. While working in close cooperation with its customers,
RMF's process development team continuously focuses on R&D and
improving their self-developed surface treatment lines.
The experienced management team of RMF, led by
John Pazdan, will continue to manage the company. They will also
drive a jointly made business plan aimed at expanding our Aalberts
surface treatment business in North America. We will add new
surface treatment technologies to the portfolio, accelerate
business with our global Key Accounts and further expand our
Aalberts surface treatment service network.
The results of RMF will be consolidated as
of 1 September 2018. The acquisition will directly contribute
to the earnings per share and will be financed from existing credit
facilities.
Please visit roymetalfinishing.com for additional
information.
contact (from 8:00 am CEST)
+31 (0)343 56 50 89
investors@aalberts.com
press release in pdf
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aalberts Industries N.V. via Globenewswire
Aalberts (LSE:AALB)
Historical Stock Chart
From May 2024 to Jun 2024
Aalberts (LSE:AALB)
Historical Stock Chart
From Jun 2023 to Jun 2024
