FAIRFIELD, N.J.—Rapidly expanding Megadyne S.p.A. expects to make greater inroads in three of its major markets—America, Asia and Europe—now that a deal to buy Sampla Belting S.r.L. has been finalized.
Astorg Partners, an equity firm and majority shareholder of Megadyne, along with the Tadolini, Cohenca and Cukurel families and Fondo Italiano d'Investimento, which hold a minority interest in the belt maker, announced July 1 that Megadyne purchased Sampla from the Depaoli family in a moved aimed at strengthening its global conveyor belting business.
Financial details were not disclosed.
Headquartered in Agrate Brianza, Italy, Sampla manufactures custom conveyor belts with a product range running from standard belts to those designed for unique applications. It operates two manufacturing plants, one in the U.S. and the other in Italy.
Sampla's belts are used in numerous light industries, including food processing, logistics and textiles. The company primarily produces belts made from thermoplastic urethane, polyvinyl chloride, silicone, polyolefin and other materials.
It fits well with Megadyne, which was established in 1957. Mathi, Italy-based Megadyne is a global leader in the development, manufacture and distribution of rubber and polyurethane power transmission belts, matched components, complete belt systems and other complementary products.