Switzerland-based Interroll has purchased Portec, a conveyor belt manufacturer based in Colorado, for an undisclosed amount.
The cash purchase is expected to close on July 1.
The acquisition is in line with Interroll’s strategic growth plans and gives the company a better foothold in the United States. The company, which counts Amazon and Coca-Cola as customers, also plans to open a 90,000-square-foot facility in Atlanta later this year.
“The product portfolio of Portec is an excellent complement to our existing range of solutions. The technological expertise Portec has on belt curves for medium and heavy duties will enable us to continue to open up new business areas for our customers worldwide,” Interroll’s chief executive officer, Paul Zumbuhl, said in a statement. “At the same time, the strong U.S. presence of Portec will facilitate and accelerate our access to the market.” – Jon Ross
Swiss Interroll buys Colorado company
