Aalberts Industries N.V.: Aalberts complex precision stamping expands to North America

9/11/2018, 7:30 AM (Source: GlobeNewswire)

Langbroek, 11 September 2018


Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Co-Planar, Inc., based in New Jersey (USA) and Querétaro (Mexico), generating an annual revenue of approximately USD 9 million. Co-Planar is a specialist in complex precision stamping with very good technical knowledge on accurate and high-speed stamping. 

Aalberts material technology is a worldwide leading market player in complex precision stamping (Metalis) combined with heat and surface treatments.

The acquisition of Co-Planar enables Aalberts to expand with Key Accounts in USA and Mexico. The experienced management of Co-Planar will continue to lead the company and will become part of the Metalis organisation.

The results of Co-Planar 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 www.co-planar.com for additional information.

 

contact (from 8:00 am CEST)
+31 (0)343 56 50 89 
investors@aalberts.com
 



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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

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