Aalberts complex precision stamping expands to North America

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.

Attachments

  • Original document
  • Permalink

Disclaimer

Aalberts Industries NV published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 05:36:06 UTC