Southworth International acquires provider of lifting, positioning technologies
Southworth International Group, Falmouth, Maine, acquired Marco Group AB, a Sweden-based manufacturer of lifting and positioning technologies.
"Marco’s extensive product line, strong management team and solid base of operations are a natural fit with Southworth,” says Brian McNamara, president of Southworth International Group. “This transaction is strategically important for us for several reasons. First, it accelerates our presence in both European and Asian markets in which we see significant opportunities. Second, it supplements our existing product supply in China, for both domestic and international trade. Between the strong presence in the European market and the extensive manufacturing capabilities globally, we feel that we can gain a competitive position not only overseas, but domestically as well. We are thrilled to welcome Marco Group AB to the Southworth family.”