Douglas Manufacturing, a leading manufacturer of conveyor components and engineered conveying solutions based in Pell City, Ala., has been acquired by Rulmeca Holding Spa, a major global supplier of idlers, pulleys, and motorized pulleys for belt conveyor systems.
In announcing the acquisition, Douglas Manufacturing stated it is excited to be a part of the group and to leverage both companies' talents, experience and resources to immediately build on the value that they offer their customers. With this acquisition, Douglas added that it benefits from integration into a financially sound international group, gains access to a global supply chain and will have a more extensive product portfolio. At the same time, Rulmeca realizes a strategic step toward growing its business in the US market.
Rulmeca's product lines and global presence position Douglas to build on its legacy as a leading manufacturer of conveyor components in the US market, the announcement added. Rulmeca plans significant investments in the company to allow Douglas to increase production capacity and foster a spirit of technical innovation in the coming months. Douglas and Rulmeca, both family-owned and operated companies, represent more than 105 years of combined experience.
Paul Ross will remain President of Douglas, and the current management team will stay in place and ensure the continued growth and stability of the company. The company will immediately begin to grow its talent pool to help support future expansion plans.
“We are excited to join with Rulmeca and be a part of the Rulmeca family. We will leverage the talents, experience and resources of our companies to build on the value that we offer our customers and grow in the US market,” said Paul Ross, President and CEO Douglas Manufacturing.
Established in 1978, Douglas Manufacturing has long been known as a leading manufacturer of conveyor components and engineered conveying solutions. Founded in 1962, Rulmeca has more than 1200 employees in 17 locations around the globe and serves customers in more than 100 countries. It is the world's largest supplier of idlers, pulleys, and motorized pulleys for belt conveyor systems.