Miami, Florida, USA, July 6, 2017 – Rodamientos y Accesorios SA (RYASA) takes a relevant positon into IQ Engineering Group (IQE)’s Atlantic Bearing Services LLC (ABS) Equity. The merger of our US and Latin-American Operations builds a fundamental synergy as well as increasing customer service in Mexico.
ABS will profit from the extensive RYASA branch network to commercialize ABS’ Special and Custom-made Bearings and Transmission Products as well as proprietary brands registered such as ACB-USA™ (Bearings) and AEC-USA™ (Engineering Chains). RYASA benefits by acquiring these registered brands as well as ABS’s Engineering know-how in special products. Additionally, ABS will lead the international expansion of the ABS-RYASA partnership leaving RYASA focused on the Mexican Market.
In words of Jose Aguirre, President of RYASA “It is a strategic purchase for us which will help us to expand within our current customers in Mexico with new products and solutions”. Alejandro Pardinas, VP Sales & Engineering in ABS also mentioned “Our alliance will bring ABS to a new level and we will accomplish many projects that were on hold waiting for a partner like RYASA” ABS’s management team will continue to operate without changes. ABS will reinforce its presence in those markets where ABS is now present through Branch offices and new ones will be opened when considered necessary.
Headquartered in Miami, Florida, Atlantic Bearing Services (ABS) is a regional leader in design, contract-manufacturing and distribution of Special Bearings as well as other Transmission Power products. Since 1999 it has been present in North and South American industries such Steel, Sugar, Paper, Wind, Cement and Mining among others. ABS is part of the IQE Group. ABS has offices all throughout Latin America and manufacturing and assembling centers in China and Italy. ABS has a total of 70 employees.
In 1987 Rodamientos y Accesorios SA (RYASA) initiated operations in Monterrey, Mexico. RYASA is Mexico’s leading Distribution Company in Bearings and Power Transmission Products. RYASA offers high quality products and excellent customer service to the general Industry through its network of over 60 domestic and international branches. RYASA maintains inventory in all branches, represents over 100 leading brands and the number of employees is over 1200.
CEO/iQ Engineering Group
Tel:+1 (305) 592 4404
General Manager/Rodamientos y Accesorios S.A
Tel:+52 (181) 8158 9500