SAO PAULO, Brazil (Sept. 4, 2008) — Veyance Technologies Inc. is buying a Brazilian conveyor belt service company for an undisclosed sum.
Veyance said it is purchasing RCT Servicos de Vulcanizacao Ltda., based in Belo Horizonte. The 17-year-old business has several operations and more than 300 employees in Brazil's northern and southeastern regions.
RCT will continue to use its name, Veyance said. The deal is subject to regulatory approval.