A stock purchase agreement has been executed with Vaber Industriale to acquire all shares in Vaber on November 26, 2018.
“Vaber provides technical solutions to manufacturers throughout Europe. Shamrock opened our Frankfurt, Germany office last year, and adding the Vaber family to our family helps to anchor our global strategy. Vaber’s product offering and customers are very adjacent to ours, and we are excited to offer Shamrock products to their customers and vice-versa. We share the same company values and both prioritize families first. We truly feel that this transaction will be accretive for both organizations. We look forward to providing a better service offering to all of our customers worldwide.” says Robert Waichulis, CEO of Shamrock International.
Vaber will continue to be operated by Emanuela Bettini, current CEO, and Alberto Bettini, current director of sales, for the foreseeable future under the direction of Floris Somers, managing director of Shamrock International Deutschland.
Vaber Industriale, a privately-held and operated company, is an adhesives, tapes, and sealants manufacturer and distributor in business since 1957. Vaber primarily sells to OEMs in the marine, appliance, automotive, rail, and composites industries throughout Europe.
Shamrock International, a privately-held and operated company, is a hybrid manufacturer of engineered components for a variety of industries including appliances, electrical, power, architectural products, heavy machinery, windows and doors, injection molders, HVAC, plumbing, and lawn and garden. The company was founded in 1972 with the goal of being a trusted team member to clients across the globe. With headquarters in Itasca, Illinois, Shamrock has additional locations in North America, China, Taiwan and Germany. Shamrock International helps clients build great things across the globe.