- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
LVD and AltaMAR to Merge
- November 23, 2015
- News Release
- Fabricating
LVD Company nv, Gullegem, Belgium, and AltaMAR, Fridley, Minn., have agreed to merge the two companies, combining sales, service, production, and R&D facilities.
The agreement will expand the product offerings and market reach of both companies and will create one of the industry’s largest sheet metalworking equipment manufacturers, the companies report.
They will have manufacturing facilities in Belgium, central Europe, the U.S., and China, providing representation in more than 50 countries, including 20 with direct sales and service subsidiaries.
Under the agreement, each company will maintain its independent corporate identity but will combine key operations in the areas of sales, service, production, and engineering development.
“We are enthusiastic about combining forces with AltaMAR to offer a broader umbrella of high-level machinery and more extensive solutions to our customers. The addition of AltaMAR tube cutting systems to our line of products further strengthens and positions the LVD brand,” said Jean-Pierre Lefebvre, chairman of LVD.
Under the terms of the operational merger, all AltaMAR tube laser cutting machines will be manufactured by Strippit Inc. at its Akron, N.Y., manufacturing plant and will collaborate with AltaMAR on R&D efforts for future tube cutting products and technology.
The complete range of AltaMAR tube cutting machines will be added to LVD’s existing product portfolio.
“LVD’s vast range of products and worldwide distribution network open doors of opportunities for AltaMAR to offer increased added value to our customers by having a more comprehensive set of solutions beyond our core products,” said Dan Martin, president of AltaMAR.
www.altamarinc.com www.lvdgroup.comsubscribe now
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