June 2, 2011 – Amera Group is pleased to announce its acquisition of the Chilean company Armat S.A. Armat was established 50 years ago as a manufacturer of semi-finished metal products and has since become a leading supplier of alloy coins and coin blanks to national mints and central banks all over the world, among others.
The location of Armat S.A. in Chile. Photo: Armat S.A.
Amera’s acquisition will allow Armat to offer clients a more extensive product portfolio and to shorten delivery times substantially. In addition, Armat will be the only company in Latin America to offer the full range of value creation from molten alloy coins through to galvanically manufactured coins. The Armat acquisition offers clients added value.
Producing coils, which will be used for producing blanks. Photo: Armat S.A.
This transaction is in keeping with Amera’s strategy of maintaining decentralised production sites. “We want to service clients locally, reduce logistics expenses and offer improved services”, commented Amera’s chairman, Daniel Sheffer. In partnership with Amera’s San José (Costa Rica) site, which was established last year to service the Central American market, Amera will now support the South American market from the production site at Quilpué (Chile). “Competence is the foundation from which client needs are met. We are now able to offer this competence on a local basis through our own production sites in Latin America”, said Martin Engler, Amera’s CEO.
Blanks for circulation coins. Photo: Armat S.A.
This transaction is about creating added value. “In recent years Amera predominantly extended its capacities, but now our focus is on increasing the quality and efficiency of our range of products and services”, Sheffer added. In 2010 Amera acquired additional shareholders as part of a management buy-out; apart from its management the company’s main shareholders are institutional investors. Amera, the industry’s only leading supplier that is fully independent of public ownership, services its clients from the following locations, among others: Costa Rica, Germany, Switzerland, Slovakia, the Czech Republic and, in the future, Chile. The founding partners Sheffer / Engler will remain active in the management of the Amera Group. Amera’s almost 150 staff will generate consolidated sales in excess of €50 million.
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