For the second time this year, Veyance Technologies, Inc., Birmingham, AL, is broadening its conveyor belt installation, splice and repair service footprint to support coal producers.
The manufacturer of Goodyear Engineered Products has agreed to buy National Belt Service, or NBS, based in Bessemer, AL, with additional operations in Wheeling and Charleston, WV, and Atlanta, GA.
NBS employs 75 associates and has annual revenue of $20 million.
In February, Veyance bought Monk Mining Supply, a coal mining conveyor belt service company based in Tazewell, VA.
Veyance said its entry into conveyor belt services for coal mines complements its existing network of authorized distributors. Our distributors are the core of our marketing strategy and that won’t change.” Linking NBS services to Goodyear-branded belt sales gives distributors a comprehensive package for mine operations, the company said.
Veyance Technologies has 35 manufacturing facilities. Along with conveyor belts, Veyance manufactures and markets Goodyear-branded industrial and automotive products, including power transmission belts, hose, hydraulics, rubber track, air springs and tensioners, as well as metal sprockets, fittings and couplings.
