Habasit acquires South Korean companies
Habasit has acquired its long-standing distribution partners in South Korea, Namil Belt Industrial Co. and Korea Belt Services, as a new Affiliated Company of the Habasit Group.
Namil Belt Industrial Co., Ltd. was established in 1978 as a distributor of Habasit in South Korea. Korea Belt Services was established in 2007 and operates as sub-distributor in close cooperation with NBI.
NBI and KBS consolidate as one company under the Habasit Korea umbrella to provide service and one source of support to customers and its distribution network in South Korea. With nationwide coverage, the company will continue to provide customized Habasit solutions for industries including textile, paper, food, materials handling, automotive and wood.
Hyung Jong Kim will continue to lead the business as general manager and director of the company.
"The acquisitions strengthen the level of service and support Habasit can deliver to customers in the South Korean market, whilst maintaining the business strategy and reputation built by NBI and KBS," according to a company press release. As part of the Habasit Group, Habasit Korea will offer the full Habasit range of conveyor, power transmission and processing belts, as well as state-of-the-art components, including the portfolio of feet and hygienic leveling systems by NGI, a Habasit Group Company specializing in conveyor leveling components.
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