Palamatic - A Member of the Schmalz Group
8th March 2022
Palamatic Ltd. has been acquired by the German company J. Schmalz GmbH as of January 24, 2022. Schmalz has been a family-run company for 111 years and is specialized in vacuum technology.
"We are very pleased to welcome Palamatic as the newest member of the Schmalz Group," said Dr. Kurt Schmalz, Managing Shareholder of Schmalz. "We were excited by the type of customer relationships Palamatic has with its business partners. We are convinced that together we will be able to offer Palamatic's customers even greater added value in the future."
And Michael Mohr, Head of Sales at Schmalz, adds: "The discussions with Palamatic were extremely pleasant and constructive right from the start. Both companies work very demand-oriented with a clear focus on the requirements and wishes of the customers. From this point of view, we are sure that we are a good match."
Melanie Archbould, on behalf Sue and Stewart Bennison, founders of Palamatic said ‘’We are very proud that Palamatic is now a member of the Schmalz Group.
As we pass our business on to another family company, we know it’s in the best hands, and we look forward to Palamatic soaring to new heights. We wish all the best to Palamatic’s new MD Andy Clarke and the executive directors.’’