Veyance buys Brazilian service company

ERJ staff report (DS)

Sao Paulo, Brazil -- Veyance Technologies, Inc., has bought RCT Servicos de Vulcanizacao Ltda., based in Belo Horizonte about 600 km or 350 miles north of Sao Paulo, subject to regulatory approval. RCT has operated for more than 17 years. Previous owners ArthurSternick and Marcio Alves de Oliveira will remain with the organisation to ensure consistency of customer support.

Veyance said RCT is Brazil's leading conveyor belt service provider with several operations and more than 300 employees in the country's northern and southeastern regions. It will continue to use its name and provide conveyor belt installation, splicing, monitoring and repair services.

According to Renaldo Calderini, Veyance's vice president and general manager for Latin America. "The company will use the dual offerings to enter other markets."

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Press release from Veyance