Aalberts N.V., Netherlands, has reached an agreement to acquire 100% of the shares of Steel Goode Products LLC (SGP), Houston, Texas, operating two facilities in Texas and one in Ohio, generating an annual revenue of approximately $15 million with 75 FTE.
SGP is a leading provider of thermal spray coating and finishing services, specializing in enhancing wear resistance and corrosion protection for a wide range of critical components.
This acquisition will strengthen our service network in the Southern region and expand our geographic footprint in the Northeast. By combining SGP’s expertise with our existing technology solutions, we are creating a stronger business with significantly increased scale and enhanced benefits for our customers.
The experienced management of SGP will work closely with the management of Aalberts surface technologies in North America.
The results of SGP will be consolidated as of October, 2024. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities.
For more information:
Aalberts N.V
https://aalberts.com/
Steel Goode Products
https://steelgoode.com/
