Twin Disc Buys Italian Marine Group

Posted on May 17, 2006

Twin Disc, Inc. has announced the acquisition of BCS Group, comprised of BCS, S.r.l., BCS Service, S.r.l., Boat Equipment Limited and Vetus Italia S.r.l., located in Limite sull' Arno, Italy, BCS is a manufacturer and distributor of products and accessories for the marine industry with annual sales of approximately €22,753,000 ($29,165,000) Twin Disc paid €7,715,000 ($22,707,000) cash for BCS.

The BCS Group is a supplier of hydraulic power steering systems, bow thrusters, hydraulic flaps, propeller shafts and related components to the Italian yacht building industry. It is also the distributor for Vetus den Ouden NV, Shiedam, Netherlands,a manufacturer of a wide range of marine accessories. Under Twin Disc ownership, Vetus Italia S.r.l. will continue to represent the Dutch company in the Italian market.