Amada Acquires Marvel Manufacturing
By
Metal Center News Staff on
Aug 8, 2018
Amada Holdings Co. has acquired all of the shares of Wisconsin-based Marvel Manufacturing Inc. The company will become a wholly owned subsidiary of Amada Holdings, renamed Amada Marvel Inc.
Marvel has been manufacturing and selling metal cutting machines, parts and blades in North America for more than 100 years. Its main products include a vertical tilt-frame band saws, used to cut lightweight structural steel.
The acquisition of Marvel allows Amada Group to add band saws for lightweight structural steels to its product lineup, and makes it the top manufacturer of band saw machines in North America in terms of sales, company executives said.
Amada Group will develop special blades for vertical tilt-frame band saws in Japan, and Amada Marvel will sell them in North America. Amada plans to use local affiliates to sell Marvel’s products in regions other than North America.
Furthermore, the possibility is being considered of using Amada Marvel’s plants to manufacture peripheral equipment for metal cutting machines, the company said.
The acquisition of Marvel is part of Amada Group’s global growth strategy. The company plans to grow its sales in the cutting business by 50 percent by 2021.