Megadyne announces acquisition of Sampla Belting
Megadyne group has signed a binding agreement to purchase 100% of Sampla Belting (Sampla Group) from Depaoli family, in a strategic move to strengthen its conveyor belting business. This represents an opportunity to create a new and formidable range of products that combined with Megadyne's own international distribution network will further accelerate the Group's growth.
Adding Sampla's capabilities and great reputation in the industry, will further accelerate Megadyne's positioning as the world's premier industrial power transmission conveyor belt company. True to its vision, the group remains committed to investing in the best in class manufacturing, distribution and fabricating capabilities in each of our major markets: America, Asia and Europe.
Founded in 1962, Sampla belting is a manufacturer of customizable conveyor belts with a product range running from standard conveyor belts to belts designed for unique applications. Headquartered in Italy (Agrate Brianza) and with two manufacturing plants in Italy and in the US, Sampla Belting distributes and services worldwide conveyor belts for diverse range of applications in light industries, such as food processing, logistics and textiles.
Sampla will not only keep its name but will also continue to be run as a separate business unit by the Depaoli family who has successfully managed the company for over 30 years. The goal is to combine Sampla's experienced workforce, expertise and knowledge accumulated over the years, with Megadyne's strengths, such as its manufacturing, logistic and engineering capabilities.
"We welcome all of the Sampla organization and particularly the Depaoli family into the Megadyne Group. They will add the knowledge and abilities that have made them successful throughout the past decades. This is a very important step in the implementation of our mission of strengthening our position as market leaders by offering, among other things, more and more complete solutions to our customers' requirements. Amongst the immediate benefits of this acquisition: a complete range of products perfectly matching our current offering and the availability of an important distribution network", said Giorgio Tadolini, CEO of Megadyne.
Lorenzo Zamboni, Partner at Astorg Partners, commented: "This milestone-acquisition provides Megadyne a considerable competitive advantage, strengthening its position as market leader. This is a good example of Astorg capability to support portfolio companies to grow further their global leadership position organically as well as through value creating acquisitions."
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