Suzo-Happ Group acquires Chinese manufacturer Chinatec

Chinatec is a long-time Suzo-Happ supplier that will now be part of the Suzo-Happ Group, a portfolio company of Pfingsten Partners, L.L.C. This acquisition provides Suzo-Happ with state-of-the-art Asian manufacturing capabilities, expanded engineering capabilities and additional capacity to accommodate future growth.

Chinatec manufactures slot machine toppers, reel mechanisms, push button panels, front plate assemblies, sorters, PC boards, coin collection and dispensing systems for gaming and amusement machines, as well as transit fare collection devices. The firm has over 200 employees at its ISO 9001-certified manufacturing facility in Zhuhai, China, and maintains sales and administration offices in Hong Kong and Hamburg, Germany.

It is the seventh company to become part of the Suzo-Happ Group's strategic platform. All seven companies combine to strengthened Suzo-Happ’s position as the leading global supplier of amusement and gaming parts and accessories with over 30,000 SKUs, customers in 80 countries, and now more than 600 employees in 14 locations. Pfingsten Partners, a private equity firm with offices in Deerfield, Illinois and Hong Kong, is Suzo-Happ’s majority shareholder.

“This transaction assures that we have a high-quality, cost effective manufacturing capability that enables us to service our customers even more effectively,” said Chuck Turnbull, President and CEO of Suzo-Happ Group. “This is an important step in strengthening our control over our supply chain, maintaining our industry leadership, and enabling us to explore new opportunities for growth.”

“Suzo-Happ has been one of our primary customers for many years, so joining the Suzo-Happ family is a logical step that also positions Chinatec for significant growth,” said Rudi Meyer, Chinatec Director and co-owner of the company. “We will now have direct access to Suzo-Happ's administrative, organizational and strategic resources to help shape the company's future direction.”