Aalberts N.V.: Aalberts further expands surface treatment network in North America
01 Mai 2019 - 7:30AM
Aalberts N.V.: Aalberts further expands surface treatment network
in North America
Utrecht, 1 May 2019
Aalberts N.V. has reached an agreement to acquire 100% of the
shares of Precision Plating Company, Inc (PPC) based in Chicago,
USA, generating an annual revenue of approximately USD 36 million
with 150 FTE.
Founded in 1904, PPC is active in the field of reel-to-reel
plating and barrel & rack plating processes with a strong focus
on R&D, customised engineering and innovation.
The company develops and builds its own machinery to
continuously improve the efficiency of the plating processes. The
customers of PPC are active in general industries, aerospace and
automotive end markets.
PPC’s reel-to-reel surface treatment technology is similar to
the technology of PEM in France, acquired in 2018. They will work
closely together to exchange technology, processes and machine
know-how, to further improve their performance and to service
global key accounts in Europe and North America.
The existing experienced management team of PPC, Gary Belmonti
and Robert Zitella, will drive the expansion plan to grow the
business in the coming years, utilising the footprint, investment
power and knowledge of Aalberts.
The results of PPC will be consolidated as of 1 May 2019. The
acquisition will directly contribute to the earnings per share and
will be financed from existing credit facilities.
Please visit www.ppc1904.com for additional
information.
contact (from 8.00 am CEST)+31 (0)30 3079
301investors@aalberts.com
Aalberts NV (EU:AALB)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Aalberts NV (EU:AALB)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024