German Equipment Manufacturer Acquires Capco Machinery Systems
04/22/2016 - Germany’s Heinrich Georg GmbH is expanding its North American presence, acquiring roll grinder manufacturer Capco Machinery Systems for an undisclosed amount.
The new entity will operate as Georg Capco Inc. Terms of the deal were not provided.
"Capco is a well-established and highly innovative family company that has been (globally) successful with its roll grinding machines in the medium segments and its sales and service divisions," said Georg chief executive Mark Georg. "Our new company will create synergies from both portfolios, and we can offer a much wider product range, especially in the field of roll grinding."
Georg makes a variety of processing and finishing equipment and machine tools.
The company said Georg Capco will employ 15 people, and possibly more as the year progresses. Georg Manufacturing’s Columbus sales office is being transferred to Capco’s facility in western Virginia. Capco CEO Edward E. West will remain with the company.
According to The Roanoke Times newspaper in Virginia, Capco suddenly halted operations at the end of 2015 and laid off its workforce of about 40. The Times said business may have slowed for the company -- it announced an expansion in 2013, but it didn’t materialize.
The newspaper also said Capco had developed an overseas market, with much of it in China.
Georg said the Capco facility will continue to house its roll grinding business, but will become a service hub for Georg equipment being operated in North America, which will reduce lead times and costs.
"Capco is a well-established and highly innovative family company that has been (globally) successful with its roll grinding machines in the medium segments and its sales and service divisions," said Georg chief executive Mark Georg. "Our new company will create synergies from both portfolios, and we can offer a much wider product range, especially in the field of roll grinding."
Georg makes a variety of processing and finishing equipment and machine tools.
The company said Georg Capco will employ 15 people, and possibly more as the year progresses. Georg Manufacturing’s Columbus sales office is being transferred to Capco’s facility in western Virginia. Capco CEO Edward E. West will remain with the company.
According to The Roanoke Times newspaper in Virginia, Capco suddenly halted operations at the end of 2015 and laid off its workforce of about 40. The Times said business may have slowed for the company -- it announced an expansion in 2013, but it didn’t materialize.
The newspaper also said Capco had developed an overseas market, with much of it in China.
Georg said the Capco facility will continue to house its roll grinding business, but will become a service hub for Georg equipment being operated in North America, which will reduce lead times and costs.
