Novamelt Completes Acquisition of Novamelt-Jowat LLC from Jowat Corporation & Jowat AG

ARCHDALE, North Carolina, USA -- Novamelt GmbH has acquired the remaining 49% share of Novamelt-Jowat LLC from Jowat Corporation and Jowat AG. The purchase amount was not disclosed. The wholly-owned subsidiary will now be known as Novamelt Americas LLC. The company will expand its geographic support role to include all customers in North, Central, and South America. Novamelt expanded to North America in 2005 in order to support its global customer base with local manufacturing and R&D, and to establish a direct investment presence in the US Dollar-denominated economy. Jowat Corporation was the perfect partner at that time. Jowat