Cambridge Executes on Global Acquisition Strategy
Cambridge Engineered Solutions Acquires Major Mexican Metal Belt Manufacturer Purchase solidifies company’s Latin American expansion
Cambridge, MA (PRWEB) - Cambridge Engineered Solutions, the world’s largest manufacturer of metal conveyor belts for food processing and industrial applications, today announced it has purchased Mexico City-based metal belt manufacturer Vace. The acquisition allows Cambridge – already Mexico’s largest metal belt manufacturer – to consolidate its position as the premiere source of conveyor belts, filtration and wire cloth in Mexico and Central America.
“As the number one manufacturer of metal belts in Mexico, Cambridge already operates a state-of-the-art production facility in Matamoros, Mexico,” said Tracy Tyler, President and CEO. “By consolidating manufacturing and combining our sales teams to better serve even more customers, we are strengthening our position in strategic markets around the world.”
Under Tyler’s leadership, Cambridge has implemented a three-pronged strategy to expand globally by increasing the number of qualified sales agents and distributors in target markets; acquiring and building new facilities; and expanding R&D to continually innovate solutions that deliver high ROI.
Vace is Mexico’s second largest metal belt manufacturer. It specializes in balanced weave and chain drive metal belts made from stainless and high carbon steel.
“Over 35 years, Vace has forged a solid base of loyal customers focusing on baking and snack, glass and high temperature processes,” said Tom Ross, COO. “It has created a strong value proposition in the Mexican market: great service, solid pricing and quality belts.
”Cambridge’s purchase of Vace continues the company’s double digit international growth in 2014. In the past 10 months, the company has signed on six new agents representing 12 countries in Europe and the Middle East.
Headquartered on Maryland’s Eastern Shore, Cambridge designs and fabricates metal conveyor belts for companies around the world in food processing (baking, beverage, meat, poultry and snack foods), agriculture, packaging and industrial manufacturing (automotive, building products, carpeting, chemicals, electronics, glass, high temperature environments, protein and solar energy).
About Cambridge Engineered Solutions A division of Cambridge International, Cambridge is the world's largest metal conveyor belt manufacturer and a global leader in filtration screens. For more than a century, Cambridge has developed dynamic solutions, revolutionizing industry automation and plant operations. With more than 15 exclusive product lines and over 50 patents, our team of dedicated engineers and experts continually devise new methods to make lines run smoother, faster and handle more product weight. For information visit http://www.cambridge-es.com.