ContiTech Purchases Conveyor Belt Manufacturer – Strengthens Position in the USA
ContiTech Conveyor Belt Group, Northeim, is expanding its North American business by acquiring the conveyor belt manufacturer Legg Company Inc. based in Halstead, Kansas. Founded in 1964, the company owns modern production facilities and employs approximately 100 people. Production focuses on conveyor belts for industrial applications – e.g. in cement plants, paper mills, the food processing industry, and storage warehouses – as well as special-purpose belts for agricultural machinery.
"This acquisition means that in the future we will have our own production facilities for agricultural and industrial belts in the USA as well as an established sales network in the USA and Canada," says Hans-Jürgen Duensing, head of the ContiTech Conveyor Belt Group business unit. "This supports our expansion in the NAFTA region and supplements our production site in Mexico."
With this acquisition, ContiTech is widening its product range particularly in the fields of harvesters, straw cutters, silicone belts, flat belts, and – in particular – lightweight belts. Closing of the transaction took place on July 1, 2013. Both parties agreed not to disclose the purchase price.
ContiTech AG
www.contitech.de
