Belting maker to be acquired by investment fund

Alkmaar, The Netherlands – Ammeraal Beltech, a manufacturer of process and conveyor belting will be acquired by Advent International private equity investors, the Dutch company has announced.

Ammeraal Beltech has been bought from Gilde Buy Out Partners and Parcom Capital Management, said in an 18 May press release.

“The relevant works councils of Ammeraal Beltech and other employee representative bodies have been informed and will be consulted prior to formal agreement,” the company said. The transaction, it added, is subject to merger clearance and other customary conditions.

Ammeraal Beltech designs, manufactures, distributes and maintains process and conveyor belts for a range of applications covering industries such as food processing, airports and baggage handling, logistics, automotive manufacturing and textile production.

“Advent’s experience and knowledge of the industrial sector, coupled with their international footprint and hands-on approach to value creation, will be of great benefit to the company in helping us to reach our full potential,” said CEO Michael Vogel.