LA-CO Industries has acquired the majority ownership ofIntrama S.A.S., a leading European industrial marking products manufacturer and distributor based in Blyes, France. The purchase comes after several years of a strong cross distribution relationship between the two companies.
According to LA-CO, Intrama’s brand and product lines strongly complement the Markal® range of markers, which are widely used in industrial applications ranging from steel production, automotive assembly, ship building, metal fabrication, building construction, lumber/timber processing and more.
Olivier Magnin, former majority owner of Intrama S.A.S., will retain the role of president, director general for the new company. Magnin will continue to be supported by his current team of personnel mainly based at their headquarters in Blyes.
Dan Kleiman, CEO of LA-CO Industries noted, “The experience of the Intrama personnel will strengthen our knowledge base in several ways, including marker manufacturing, European logistics, R&D and accelerating our commercial interests via their sales team.” LA-CO Industries was assisted in this acquisition by Bulkley Capital L.P. of Dallas, Texas. Bulkley Capital provided expertise during the acquisition process and acted as a financial advisor during this transaction.
Source: LA-CO Industries
Report Abusive Comment