SAN ANTONIO, Texas—Belt Corp. of America Inc. has expanded its presence in the banking and mailing industries with the acquisition of a Dallas distributor and manufacturer.
The maker of a variety of conveyor belts purchased R.L. Allison earlier this year in its bid to garner a larger chunk of the market throughout the U.S. and abroad, said Bill Levensalor, owner and president.
"The acquisition has worked out very well so far, in fact much better than we expected," he said at the annual NIBA—the Belting Association conference, held Sept. 12-15 in San Antonio.
Terms of the transaction were not disclosed by the companies.
R.L. Allison's inventory and production operation have been moved "lock, stock and barrel" from Dallas to Belt Corp.'s 40,000-sq.-ft. plant in Cumming, Ga., where the firm is headquartered, according to Levensalor.
The two former owners of R.L. Allison remain with Belt Corp. as consultants.
He anticipates the acquisition will help the company grow throughout the U.S. and in other parts of the world.
Belt Corp. has a large presence in the banking industry, and R.L. Allison supplied belting to the sector, he said, so bringing the companies together was a good match.
In addition to serving as a distributor of belts, R.L. Allison also produced urethane belts for its customer base.
R.L. Allison was a small operation with a large reach, Levensalor said.
Founded in 1985, Belt Corp. produces precision timing belts, using neoprene, silicone and urethane; European-style endless belting, where neoprene, polyurethane and silicone are used; silicone coated belts; specialty endless flat belts; high performance profile belts, including V-belts, round belts, flat belts, t-belts and ridge top belts; and woven endless flat belts.
It also produces timing belt pulleys and handles custom belt fabrication.