Aalberts N.V.: Aalberts strengthens heat treatment footprint in North America
27 December 2024 - 5:30PM
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
facilitiesCEO statementStéphane 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.comregulated informationThis
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.
Aalberts NV (EU:AALB)
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