Volume 39,  Issue 12,  December 2004

Mergers&Acquisitions

Salem Stone Division Merges
Salem Distributing Co., based in Winston-Salem, N.C., has announced a merger between its Salem Stone Division and the Bergman-Blair Machine Corp. John Bergman will operate the new Bergman-Blair Division, which will remain headquartered in Oyster Bay, Long Island, N.Y. 

“We anticipate a sales and service network second to none,” said Bergman. “Our present and future customers should benefit immensely and as the industry continues to grow, the structure will already be in place to meet all future demands.”

With this merger, the sales force of Salem Stone will now have access to the machinery represented by Bergman-Blair, including GM stone saws, Montresor edging machines, Stonelec multi-functional machines and Bimatech CNC work centers. Salem Stone will also continue to represent the Bovone StonEdge vertical edging machines.

“We are very excited about the combination of our two companies, which has formed one of the largest machine and consumable supply forces in the stone industry,” said Bob Long, president of Salem. “We are especially pleased to be working with John Bergman, not only because of his extensive knowledge of the stone industry and equipment, but also for his impeccable reputation and history of fair and honest dealings.”

SDC Technologies Acquired by Compass Group
SDC Technologies, a developer and global supplier of surface technologies and coatings located in California, announced that it has been purchased by the Compass Group International LLC, a private investment firm. The purchase was effective September 7, 2004. 

William Gregg, chief executive officer and president of SDC Technologies, said he is pleased to have attracted the Compass Group as an investment partner. He says the change reflects SDC’s history of sustained growth, a promising future and strong position in its primary global markets. SDC’s senior management team will remain unchanged.

briefly....
Saint-Gobain’s insulation division, Saint-Gobain Isover, has acquired Plafometal, a manufacturer of suspended metal ceilings based in Montherme, France. 


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