Auto Supply Giant Acquires North Dakota Belt Manufacturer

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A worldwide producer of tires and automotive elements hopes a newly introduced acquisition will bolster its place within the agricultural tools market.

Continental accomplished its acquisition of WCCO Belting and can incorporate the corporate into its conveying options enterprise, firm officers introduced. 

WCCO, based mostly in Wahpeton, North Dakota, makes and distributes belts for farm equipment functions, together with baler belts, draper belts, merger belts, pickup belts, and tube conveyor belts. The corporate additionally produces industrial belts for materials and bundle dealing with, recycling, mixture, and forestry functions.

Continental executives stated the deal would improve its portfolio within the rising off-highway trade, and harassed the significance of increasing the corporate’s presence within the agriculture trade amid world demographic modifications.

“We intend to leverage and develop our manufacturing functionality to raise Continental’s alternative on this space,” Jim Hill, the pinnacle of Continental’s ContiTech Group sector in North America, stated in an announcement.

Firm officers additionally stated Continental’s world gross sales capabilities would enhance gross sales of WCCO’s merchandise past the Americas. WCCO — and its workforce of greater than 300 — at the moment distributes merchandise throughout greater than 20 international locations. 

WCCO President and CEO Tom Shorma stated as a result of WCCO and Continental share the identical ardour for his or her industries, the corporate “suits completely to Continental.” 

Monetary phrases of the deal weren’t disclosed.

Picture Credit score: paparazzza / Shutterstock.com

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