New England Belting Company
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New England Belting Company - overview
Established
1998
Location
-, CT, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
New England Belting Company specializes in providing high-quality conveyor belting and industrial conveyor products, enhancing operational efficiency across various sectors. New England Belting Company engages in the production and distribution of conveyor belting solutions, primarily based in Berlin, US. Founded in 1998, this company was acquired by Midwest Industrial Rubber, Inc. in May 2018.
The acquisition details remain undisclosed. New England Belting Company fabricates and distributes an extensive range of conveyor products, including modular belts, timing belts, industrial thick belts (ITB), and both plastic and steel chains. These solutions are tailored for industries such as personal care, food processing, automotive, bottling, and warehouse distribution, ensuring operational challenges are effectively addressed. Noteworthy products like the uni DTB modular belt and ITB are engineered for managing complex manufacturing processes, thereby supporting clients in maintaining compliance with industry regulations.
New England Belting Company generates revenue primarily through B2B transactions with manufacturers, distributors, and OEMs. The sales strategy encompasses both direct sales and partnerships, focusing on off-the-shelf and customized solutions to meet the specific needs of clients. Revenue streams arise from one-time purchases and potential maintenance contracts, ensuring ongoing support for conveyor systems. With a network of 26 national locations, the company facilitates immediate product availability and support services to enhance customer satisfaction.
Following its acquisition in May 2018, New England Belting Company plans to leverage new resources to expand its product offerings and market reach. The company is focusing on developing innovative products tailored for the evolving demands of various sectors. Additionally, it aims to explore expansion into new geographic regions, although specific markets have yet to be disclosed. Recent funding will support these strategic initiatives and facilitate the introduction of new products.
Current Investors
Midwest Industrial Rubber, Inc.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.newenglandbelting.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
New England Belting Company - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | New England Belting Company | - |
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