# Habasit acquires Namil Belt Industrial and Korea Belt Services in South Korea

Habasit, a Swiss conveyor belting company, has acquired its long-standing distribution partners Namil Belt Industrial Co., Ltd. (NBI) and Korea Belt Services (KBS) in South Korea. The acquisitions strengthen Habasit's service level in the South Korean market.

- Type: Acquisition
- Announced: 2019-12-09
- Where: South Korea, South Korea
- Status: completed
- Products: conveyor belts, power transmission belts, processing belts, conveyor components
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Packaging](https://endata.com/sectors/packaging.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Habasit](https://endata.com/companies/43804.md) (acquirer)
- [Namil Belt Industrial Co., Ltd.](https://endata.com/companies/43805.md) (target)
- [Korea Belt Services](https://endata.com/companies/43806.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/habasit-acquires-namil-belt-industrial-co-ltd-nbi-and-korea-belt-services-kbs-in-south-korea-300970191.html), 2019-12-09: "The acquisitions strengthen Habasit's level of service for customers in the South Korean market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.