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Amada Acquires Marvel and Announces New Company

Wednesday, August 29, 2018
 
Japan-based Amada Group, a comprehensive metalworking machine manufacturer, has acquired Wisc.-based Marvel Manufacturing, Inc., a metal-cutting machine manufacturer, to form Amada Marvel, Inc. Marvel’s main products are vertical tilt-frame band saws used to cut lightweight structural steels used in the production of vehicles and agricultural machines. Amada Group expects the acquisition to help it achieve its goal of a 50-percent jump in sales by 2021, with 2017 sales of $306 million increasing to $450 million.



 


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