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‘Combining these two companies will create a supplier with unprecedented global reach and technology leadership to support converters’ total requirements for high quality rotary converting tools,’ said Michael Bryant, president and CEO of RotoMetrics.
RotoMetrics, with headquarters near St Louis, Missouri, supports customers from operations in eight countries with major manufacturing operations on four continents. Gerhardt International, headquartered in Herlev, Denmark, is one of the industry’s leading rotary converting tool providers with manufacturing operations in Europe and Australia, and sales and service networks worldwide.
‘The RotoMetrics and Gerhardt teams are excited about the transaction and the opportunity it represents to continue to develop our collective technology leadership in rotary converting tools,’ said Klaus Damberg, president and CEO, Gerhardt International. ‘Our customers can be assured that they will continue to have access to the full range of current product solutions and technologies, along with continued support from their usual contacts within both companies.’
‘RotoMetrics is in a strong financial position to pursue the transaction, and we look forward to moving quickly to implement growth plans and expanded product offerings on a global basis,’ said Michael Bryant.
The companies anticipate that the transaction will be completed by the end of March, subject to normal due diligence procedures and pending regulatory approvals.
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