The Spandex Group, a Ruemlang, Switzerland-based company that specializes in marketing, sales, distribution and support of sign making and printing related systems and materials, has been acquired by Gilde Buy Out Partners and management from Gerber Scientific, Inc.
With the transaction, whose amount remained undisclosed, Spandex becomes an independent company. Led by CEO Rod Larson, the management will continue to execute its growth strategy further expanding in existing markets as well as in new markets.
Spandex, which has various operations across Europe and Australia, has been a business division of Gerber, an international supplier of automated manufacturing systems for the sign making, specialty graphics, packaging, apparel and industrial industries based in Tolland, Connecticut, which was recently acquired by Vector Capital, a US based private equity firm.
FinSMEs
23/08/2011