Keystone Capital, Inc. (“Keystone”) is pleased to announce that it has completed two add-on acquisitions thus far in 2013.
Movilitas Consulting AG
Peak-Ryzex, a Keystone Capital holding since 2011, acquired Movilitas Consulting AG in May 2013. Peak-Ryzex is a market-leading provider of end-to-end enterprise mobility, managed services, printing and mobile data capture solutions for organizations focused on optimization of supply chain and field-based business processes. Based in Mannheim, Germany, Movilitas Consulting AG is widely considered one of the early pioneers of successfully implementing global templates for SAP Track & Trace projects. Movilitas Consulting’s SAP Track & Trace customers include many of the world’s largest industry-leaders in the areas of pharmaceuticals, tobacco and chemicals.
“In 2012 our acquisition of Catalyst strengthened our resources and focus on SAP supply chain and logistics execution solutions in North America, this investment in Movilitas Consulting expands our commitment to the SAP user community in the areas of SAP Track & Trace and mobility solutions, ultimately expanding our solutions and geographic footprint for our multi-national SAP customers,” said Ross Young, CEO of Peak-Ryzex. “The board and management team of Movilitas Consulting AG as well as the division name and strategy will remain the same but they will now be able to leverage the larger scale and coverage of the Peak-Ryzex organization in North America and Europe,” added Young.
Atlas Die, a Keystone Capital holding since 2003, acquired Bernal, Inc. in July 2013. Headquartered in Elkhart, IN, Atlas Die is the largest North American producer of steel rule, flexible and solid rotary tooling servicing all aspects of the converting industry with six facilities located strategically across the United States. Bernal, headquartered in Rochester Hills, MI, is the leading North American manufacturer of solid and segmented rotary dies for the packaging and specialty converting industries. This transaction will bring together two of the most well-respected leaders in the packaging, consumer, and specialty converting industries, and will give customers a complete tooling suite of steel rule, flexible and solid rotary dies as well as system design and integration. Bernal had previously operated as a division of North American Cerutti Corporation, a wholly-owned subsidiary of the Cerutti Group (Officine Meccaniche G. Cerutti S.p.A.), a world leader in the manufacturing of packaging and printing machinery.
“The combination of Bernal and Atlas creates converting market opportunities for our customers limited only by imagination. It marries two respected market leaders with the greatest depth of converting knowledge and product breadth,” remarked Kenneth J. Smott, President and CEO of Atlas. Marc Voorhees, Vice President of Sales for Bernal added, “We look forward to working with the Atlas team and combining our strengths in packaging while we jointly develop other market opportunities.”
Terms of these transactions are not being disclosed. Senior debt financing for each transaction was provided by The Private Bank, and legal counsel was provided to Keystone by Kirkland & Ellis LLP.
Jason Van Zant