VBG Group acquires Carlyle Johnson Machine Co.
VBG Group has acquired all shares in the U.S. company The Carlyle Johnson Machine Co. LLC for $16.5 million through its subsidiary Ringfeder Power Transmission US. Carlyle Johnson, which employs 50 people, was founded in 1903 in Hartford, Connecticut and designs and manufactures components for motion control that are used in industrial applications.
Carlyle Johnson’s product suite includes mechanical, electrical, and pneumatic clutches and braking systems, as well as associated electrical controls and lubrication seals for medical, aerospace, industrial and defense product applications.
The acquisition strengthens VBG Group’s industrial business, and the company will be part of the Ringfeder Power Transmission division.
“This acquisition complements us in a natural way”, says Thomas Moka, division manager for Ringfeder Power Transmission. “Through Carlyle Johnson, we complement our existing product portfolio and enter interesting high market growth segments such as medical equipment. Above all, I see clear synergies in the organization and a great potential for our sales organization to market Carlyle Johnson’s products in new markets.”
Michael Gamache, CEO of Carlyle Johnson, adds, “We see that VBG Group has the strength and the industrial knowledge to develop Carlyle Johnson further. We share the long-term perspective and have the same values, which means that our companies fit together well.”
“We are very pleased that we can complete this acquisition”, says VBG Group President and CEO Anders Birgersson. “The acquisition fits well with our goal of growing as an industrial group and Carlyle Johnson’s products match VBG Group’s mission to create a safer society.”
VBG Group AB is the Parent company of an international engineering Group with companies in Europe, North America, Brazil, South Africa Australia, India and China.
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