Emerson Acquires System Plast S.p.A.
Emerson and System Plast S.p.A. announced Emerson has acquired 100% of outstanding System Plast S.p.A. shares. With projected ’08 revenue of €77M, System Plast will strengthen Emerson’s position in the global material handling market. System Plast S.p.A. has become part of Emerson Power Transmission, which is part of the Emerson Industrial Automation business segment.
Based in Telgate Italy, System Plast is a foremost producer of engineered modular belts and custom conveyor components used in the bottling, baking, food processing and packaging industries. As an innovative manufacturing company employing over 400 people, System Plast has developed leading technologies for polymer extrusion, machining and injection molding.
For Emerson, this transaction enhances its ability to service marquee food and beverage customers around the globe. Adding the System Plast family of products to Emerson Power Transmission further creates key strategic customer and industry synergies.