Novamelt acquires Novemelt-Jowat

Novamelt has acquired the remaining 49 percent share of Novamelt-Jowat LLC from Jowat Corporation and Jowat AG.

The wholly-owned subsidiary will be known as Novamelt Americas LLC, with Jowat and Novamelt remaining closely allied. Novamelt Americas will stay at Jowat campus, with separate operations. The two companies will aid each other in their respective market focuses; Jowat in woodworking / furniture, packaging and automotive, and Novamelt in label, tape and medical PSA markets. The company will expand its geographic support role to include all customers in North, Central, and South America.

Jim Auber, current general manager of the JV, has been named president of the new Novamelt Americas LLC. He said, ‘Novamelt has grown significantly in North America since its founding in 2005. It is now independently handling the customer base, the applications support, and the product manufacturing, and is financially mature enough to operate on its own. We look forward to continuing to serve our customers with outstanding products and support.’

Harold Braun, Novamelt CEO, said, ‘It was time in the growth phase of the subsidiary to expand its role to include all of Latin America from its well-equipped and well-manned manufacturing and applications lab site in North Carolina. Novamelt will continue to place high importance and emphasis on its role and growth in the Americas.’

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