Eric Verstraeten, Owner of Elaut Belgium, has announced the company has acquired Coast to Coast Entertainment LLC.
"It is an addition to our company that I am very thrilled with," he said. "Both John Maurer and Gary Balaban have spent years building a company that represents passion, high quality, and a keen eye for our changing industry."
"We are truly excited about this acquisition as it continues to build our company," said Glenn Kramer, CEO of Elaut USA. "The synergy between the two companies is incredible. We will be able to work in concert on a number of new projects in the coming years."
"Being acquired by Elaut USA allows us to grow the Coast to Coast Entertainment brand even stronger," said John Maurer of Coast to Coast. "You will see this growth as quickly as the International Association of Amusement Parks and Attractions (IAAPA) Attractions Expo as we will be introducing four new products at the show." Expo dates are Nov. 16-20 in Orlando, Fla.
Coast to Coast will still operate as its own division under Elaut USA, allowing both companies to benefit from the many years of experience each has in the industry. "We all have long histories in this industry. From manufacturing through operations, both companies can draw from each other to build even stronger entities," said Gary Balaban of Coast to Coast.
Kramer expressed that as the industry continues to change, this acquisition will help both companies build stronger partnerships and be more agile to meet the market's needs. "We see areas of growth within a variety of segments of our industry. By coming together, both companies can maximize their ability to serve these segments," he said. "The future looks very bright and we are poised to create even more excitement for our distributors and end users for many years to come."
Elaut USA and Coast to Coast will be exhibiting separately at IAAPA Expo this year, highlighting each companies new products. Elaut USA will be in booth #1015 and Coast to Coast in booth #1615.
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