Graphite Metallizing Holdings Inc. (GMHI) has announced that it has purchased Exalto UK from its Dutch owners, Exalto BV. Exalto UK is a manufacturer and worldwide supplier of water lubricated bearings.
GMHI confirmed that it has established a new UK company, Exalto Bearings UK Ltd, who will supply the marine and pump industries worldwide with quality bearings.
CEO of Exalto BV, Dick Exalto, said: "I am delighted that this successful bearing business and its skilled workforce will continue to thrive under GMHI, and carry on providing high quality bearings to its long-standing customers worldwide."
Dennis Rawle, European Director of Sales for GMHI and now Managing Director of Exalto Bearings UK, added: "I have long been associated with the Exalto Bearing business and am excited to continue my involvement in this new chapter for the company […] The combined bearing expertise of both Exalto and GMHI means we can offer our customers bearings to suit any application and the new UK base for GMHI can only improve the service we can offer our own European customers."
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21012016/gmhi-acquires-exalto-uk-1902/