Transaction Extends Market Capabilities and Accelerates the Build Out of European and Asian Operations
Southworth International Group, a leading provider of ergonomic material handling equipment, announced that it has agreed to acquire Marco Group AB, a leading European manufacturer of similar lifting and positioning technologies in Sweden.
Founded in 1935 and headquartered in Ängelholm, Sweden, Marco Group is the market leader in the manufacture of hydraulic lifting tables in Europe.
"Marco’s extensive product line, strong management team and solid base of operations are a natural fit with Southworth. This transaction is strategically important for us for several reasons. First, it accelerates our presence in both European and Asian markets in which we see significant opportunities. Second, it supplements our existing product supply in China, for both domestic and international trade," said Brian McNamara, President of Southworth International Group. "Between the strong presence in the European market and the extensive manufacturing capabilities globally, we feel that we can gain a competitive position not only overseas but domestically as well. We are thrilled to welcome Marco Group AB to the Southworth family," McNamara concluded.
About Southworth International Group
Southworth offers a large selection of equipment designed to improve productivity and worker safety in applications that involve lifting and positioning. Product lines include ergonomic work-positioning tables, portable lifts, container tilters, and pallet-handling equipment. Southworth is headquartered in Falmouth, Maine, with its principal manufacturing facilities in Manila, Arkansas. Additionally, Southworth has subsidiaries in other parts of the United States and Mexico with more than a 25 year presence in the China marketplace.
About Group Marco AB
Marco Group AB is the parent company of leading European manufacturers of lift tables. Headquarters and main production are located in facilities in Ängelholm, Sweden, with subsidiaries in Europe, Brazil, India and China. The Marco management team has developed a very productive international network.
For more information, contact Brian E. McNamara, President, Southworth Products Corp, P.O. Box 1380, Portland, ME 04104-1380, TEL: (207) 878-0700, FAX: (207) 797-4734, e-mail: email@example.com, www.SouthworthProducts.com.