Suzo-Happ Group has bought Starpoint Developments, the UK-based supplier of electro-mechanical devices.
The acquisition is the company’s fifth since October 2005, strengthening Suzo-Happ’s position as a global supplier of amusement and gaming parts and accessories with over 30,000 products, customers in 80 countries, and more than 450 employees in 18 locations.
“This transaction reinforces our position as a global one-stop shop for amusement and gaming-related parts and accessories, sold both to OEMs and through distribution to a broad array of gaming operators,” said Chuck Turnbull, President and CEO of Suzo-Happ Group. “Starpoint’s products, engineering capabilities and manufacturing complement our portfolio and give customers one more reason to buy components from our company.”
“The combined Suzo-Happ organisation is a household name in our industry, and becoming part of the group has clear benefits for all parties involved,” said Colin Crossman, Managing Director of Starpoint. “This will simplify the sourcing process for our customers, increase the resources we can devote to continued product development, and allow us to take advantage of strategies developed by our new parent company to deliver the best products at the best prices and with the best customer service.”
Starpoint was founded in 1968 and has 60 employees, a factory close to London that will remain in operation under Suzo-Happ’s ownership, and customers in over 30 countries. The company manufactures reel mechanisms and flexistrips for slot machines, illuminated push buttons for gaming and vending machines, and assorted game devices and accessories.
Suzo-Happ will continue operating Starpoint as a separate entity and will integrate the Starpoint line into its catalogue for easy sourcing. The firm also plans to extend Starpoint’s current global sourcing capabilities through Pfingsten Partners Hong Kong, the private-equity firm’s dedicated sourcing office in China.
Suzo-Happ Group’s most significant previous strategic addition was its October 2005 purchase of Advanced Electronic Systems. The company also acquired ProSource Group in May 2006; Mazzco, a North American parts distribution company, also in May 2006; and Sadectronics, a European gaming parts distributor, in July 2006.
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