Gullegem, Belgium - LVD Company, which manufactures a comprehensive range of sheet metal/plate working machine tools, and laser cutting services provider AltaMAR (Fridley, MN) have entered into an agreement to merge sales, service, production, and research and development facilities.
The agreement will expand the product offerings and market reach of both companies and will create one of the industry’s largest sheet metalworking equipment manufacturers with facilities in Belgium, Central Europe, the US, and China, providing representation in over 50 countries worldwide, including 20 direct sales and service subsidiaries.
Under the agreement, each company will maintain their independent corporate identity, but will combine key operations in the areas of sales, service, production, and engineering development. AltaMAR tube laser cutting machines will be manufactured by Strippit at its Akron, NY manufacturing plant for the world market and will collaborate with AltaMAR on research and development efforts for future tube cutting products and technology.
AltaMAR tube cutting machines will be added to LVD’s existing product portfolio. Their sales and service operations will be merged to provide integrated sales and service network for LVD and AltaMAR customers alike. In the future, the companies will combine design and engineering resources to address market requirements, jointly developing and introducing new sheet and tube metal cutting products.
