North American and Italian belt drive firms initiate strategic alliance
Dorval, QC -- Jason Industrial Inc., a principal manufacturer and marketer of power transmission belts, hose and co...
Dorval, QC — Jason Industrial Inc., a principal manufacturer and marketer of power transmission belts, hose and couplings based in Fairfield, N.J, and the parent company of Jason Industrial (Canada) Ltd., Dorval, Que., has entered into a strategic alliance with Megadyne S.r.l., a worldwide manufacturer of power transmission belts and pulleys based in Turin, Italy.
In July 1993, Jason Industrial and Megadyne came together to form a joint venture, Megadyne America LLC, dedicated to the manufacturing of polyurethane belts. Later, in October, 2004, they joined forces again in a V-belt manufacturing facility in China.
Following the success of these initiatives, Philip Cohenca, president and CEO of Jason Industrial, and Giorgio Tadolini, president and CEO of Megadyne, believed that this was the right time to strengthen their ties, forming a fully-coordinated partnership which will reinforce their respective global market positions.
Established by Jacques Cohenca in 1958, Jason Industrial has grown in the U.S.A. with fully-stocked warehouse/customer service centres in New Jersey, Chicago, Tampa, Dallas and Los Angeles. Since 1971, Jason Industrial has also served the Canadian market with facilities in Montreal, Toronto and Edmonton.
Beginning in 1991, Jason has manufactured synchronous belts in its Greenville, S.C.-based Timing Belt Manufacturing Company (TBMC). Jason Industrial also serves Latin and South America with operations in Mexico and Brazil.
Corrado Tadolini founded Megadyne in 1957 and the company began thermoset polyurethane belt production in 1971. Now with a dozen manufacturing plants worldwide, Megadyne produces polyurethane belts, rubber belts and pulleys in several countries, including Italy, Germany, Spain, France, Poland, the U.S.A. and China. Both companies will maintain independent sales organizations.
Further enrichment of the companies’ respective market positions will be driven by continued improvement in e-commerce offerings to the distribution channel, shared logistics, engineering and marketing.
“We are excited at the idea of working closer together with the Megadyne organization, Cohenca commented. “We will benefit from the additions to our product range and from Megadyne’s expertise in the manufacturing arena, together with their engineering capabilities.”
“This is a critical point in the history of our company,” added Tadolini. “Joining forces with Jason will allow our sales companies located all around the globe to take advantage of our partner’s recognized leadership in the distribution of industrial products. This, together with Jason’s wide product line, will soon translate into improved service to our customers worldwide.”