ALA expands global presence with STAG takeover
NAPLES -- The Italian specialist in distribution, Advanced Logistics for Aerospace (ALA), announced on Thursday that have signed an agreement to acquire UK based STAG Group, including the companies over which it has control. These include Spectech UK, France and US, and Aircraft Components & Equipment Supplies.
As an international distributor and supply chain service provider for the aerospace industry, STAG has its core presence in France and the UK. In a press release ALA confirmed that the transaction “is subject to customary closing conditions which are expected to be completed by the end of May.”
With ALA’s view to expansion within Europe and the development of its US market, the STAG Group acquisition fits into this model to place ALA in the top five worldwide players as a leading distribution and supply chain service provider.
Roberto Scaramella, ALA’s CEO has said, “We are working hard on building a truly successful multinational company to better serve our global customers.” He added that this deal, “represents a key step along this path, giving us the opportunity to accelerate our growth and establish our leadership in the distribution and supply chain services sector.”
STAG’s outgoing chairman, Colin Davis, added: “We are delighted to close this transaction with ALA and offer an even brighter future to all our stakeholders. I will personally continue to cooperate with ALA throughout the transition phase to ensure business continuity.”