Aalberts N.V.: Aalberts strengthens heat treatment footprint in North America
27 Dicembre 2024 - 7:30AM
UK Regulatory
Aalberts N.V.: Aalberts strengthens heat treatment footprint in
North America
Utrecht, 27 December 2024
Aalberts N.V. has reached an agreement to acquire 100% of the
shares of Paulo Products Company (Paulo), operating five facilities
in the USA and one in Mexico, generating an annual revenue of
approximately USD 105 million with 522 employees.
Paulo is a provider of industrial heat treatment and related
services that are critical to achieving strength, hardness, and
other metallurgical properties required in various industrial
applications. It is the largest privately owned thermal processing
platform in North America providing solutions including heat
treatment, brazing and metal finishing. Paulo serves attractive end
markets like automotive, aerospace, defence and power
generation.
In line with our ‘thrive 2030’ strategy, this acquisition will
strengthen our geographical footprint in the USA. By combining
Paulo’s heat treatment, brazing and metal finishing expertise with
our existing technology solutions, we are creating an even stronger
business with enhanced benefits for our customers.
The experienced management of Paulo will work closely with the
management of Aalberts Surface Technologies in North America.
The transaction, which is conditional on regulatory approvals, is
expected to be finalised in the second quarter of 2025. The results
of Paulo will be consolidated immediately thereafter. The
acquisition will directly contribute to the earnings per share and
will be financed from existing credit facilities
CEO statement
Stéphane Simonetta comments: “We are excited about the growth
potential in the different end markets and are looking forward to
welcoming Paulo’s employees to Aalberts. This strategic acquisition
will further enhance our proximity in North America and Mexico as
per our ‘thrive 2030’ strategy. Together, our leadership position
will enable us to serve our customers with short lead times, high
quality and full-service capabilities.”
contact
+31 (0)30 3079 302 (from 8:00 am CET)
investors@aalberts.com
regulated information
This press release contains information that qualifies or may
qualify as inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
Grafico Azioni Aalberts NV (EU:AALB)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Aalberts NV (EU:AALB)
Storico
Da Gen 2024 a Gen 2025
