11/23/2023
Happy Thanksgiving, Everyone!
- For Immediate Release - Published November 20, 2023
PASCO® adds Versatech in Asset Purchase.
St. Louis, MO & Effingham, IL
Title: Pasco Systems Corp. Acquires Assets of Versatech Holdings, LLC to Expand Automation Machinery Offerings
Pasco Systems Corp., a leading manufacturer of automation machinery under the PASCO® brand, announced today that it has acquired the assets of Versatech Holdings, LLC, a company based in Effingham, IL. This acquisition will allow Pasco Systems to expand its product offerings and strengthen its position in the automation industry.
The acquisition of Versatech will bring significant benefits to both companies. Nearly all Versatech employees will be retained, ensuring a smooth transition and continuity of operations. The business will continue to operate in its present facility in Effingham, providing stability for both employees and customers. Versatech will operate as a division of Pasco Systems, leveraging the strengths and resources of both companies.
“This acquisition demonstrates our optimistic view of the future of robotic automation in an ever-expanding array of industrial applications,” said Jim Nardulli, Chief Operating Officer of Pasco Systems. “The creative robotic solutions that Versatech has excelled in implementing since 2009 are complementary to the PASCO range of solutions. This acquisition extends our reach upstream in packaging and at the same time brings us into the manufacturing process with solutions for assembly, tending, inspection, and more.”
“Starting immediately, it will be business as usual for Versatech employees and customers,” said Nate Mahoney, Chief Financial Officer of Pasco Systems. “We saw the value that Versatech would engender as an integral part of our company and a sister brand to PASCO. The combined operations will strengthen our capacity to provide meaningful benefits through automation to all our customers.”
Customers of both Pasco Systems and Versatech can expect a seamless transition with no disruption to ongoing projects. The combined expertise and capabilities of the two companies will result in greater innovation and a broader range of products and services for customers.
The acquisition of Versatech Pasco Systems Corp. is a significant strategic development in the automation industry.
About the company.
From two engineers and a fabricator in 1976, PASCO has evolved into Pasco Systems Corporation. Along the way, we created the PASCO® brand of automation machinery focused on end of line automation. In 2004, we integrated our first FANUC robot. Today, we are supporting more than 650 customers with 2,000 systems in the field, more than 600 of which include integrated robots.
For more information:
Contact [email protected] or call 314-781-2212
For over 40 years, the world’s most demanding corporations have learned that they can count on PASCO Systems to keep their packaging lines working, meeting production demands, and enhancing worker safety.