Midwest Industrial Rubber acquired by AMMEGA
AMMEGA, the holding company of Ammeraal Beltech and Megadyne, has completed the acquisition of St. Louis-based Midwest Industrial Rubber.
AMMEGA is a portfolio company of Partners Group, a global private markets investment manager, on behalf of its clients. Its brands include Ammeraal Beltech, Megadyne and Jason Industrial, which serve industrial power transmission, lightweight process and conveyor belting and fluid power industries.
“The strategic combination of MIR and the existing AMMEGA Americas organization allows us to better service clients benefitting from MIR’s network, product expertise and strong reputation in the market," said Ralph Schuck, CEO of AMMEGA. "MIR helps complete our multi-brand and multi-channel ‘go to market’ strategy by adding a ‘direct to customer’ channel to our already strong indirect or distributor served business. In addition, it brings a strong team to AMMEGA with deep knowledge of its clients and overall contributes to our continuing AMMEGA sales growth in the US. MIR will remain an independent entity within the AMMEGA group.”
“We are pleased to become part of AMMEGA due to our strong cultural fit and ability to further build out the leading market position we have today, benefitting from AMMEGA’s strong product portfolio and market knowledge,” said Brian McSharry, Chairman of MIR.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
