Slitting and rewinding machinery specialist Atlas Converting Equipment has been sold by the Bobst Group in a Management Buy-Out (MBO).
The UK based company’s new directors and shareholders are Stephen Darlington (Chairman), Alan Johnson (Managing Director), Stan Braycotton (Sales Director) and Tom Walker (Finance Director). The existing Atlas management team will continue to manage and co-ordinate the company’s global operations.
The acquisition includes the dedicated Atlas sales and customer service operations in Charlotte, North Carolina, USA, and Shanghai, China.
With its Atlas and Titan brands, Atlas Converting Equipment has an installed base of more than 3,500 slitting and rewinding machines in over 80 countries.
Both parties have agreed not to disclose any information concerning the conditions of the transaction.
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