AIAC HIRES Dr. Bart Devos AS A MANAGING DIRECTOR
May 12, 2021
New York, NY – May 12, 2021 – American Industrial Acquisition Corporation (“AIAC”), a privately held industrial investment portfolio with a long term mission to build enduring businesses, announced today that it has hired Dr. Bart Devos as a Managing Director. Along with other members of AIAC’s management, he will be involved in sourcing, evaluation and completion of corporate acquisitions and the design and execution of turnaround plans.
Dr. Bart Devos has over thirty-five years of international business experience. He has predominantly held C-Suite positions that notably included Chief Executive Officer roles within retail, manufacturing and consumer packaged goods industries. Dr. Devos has worked for global businesses which include AR Metallizing, Brain Wash, Nebus Loyalty and Gifi.
Dr. Devos holds a Ph.D in Applied Economics and an MBA from the Solvay Brussels School of Economics and Management of the Université libre de Bruxelles. He has also served as the Chief Financial Officer of Novartis and Carpetland.
Dr. Devos was the first non-Japanese national to serve as a member of the Board of Directors of Nissha Group, a major multinational corporation listed on the Tokyo Stock Exchange.
Dr. Devos has been awarded European CEO Entrepreneur of the Year and, the Limburg Export Award, and was also a two-time finalist in Europe’s largest business competition.
A firm believer in using digital systems and technologies to benefit a company, Dr. Devos has a track record of implementing systems to provide the data needed to improve results, tracking, oversight and streamline global operations.
L. M. Levie, Chairman of AIAC stated “Dr. Devos brings an superb academic background, international network, and multinational managerial track record. We are honored that he has joined AIAC”
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About AIAC: Established in 1996, AIAC’s portfolio consists of 78 manufacturing and distribution sites with over 8,500 employees in 24 countries in North America, Europe, and Asia. Total annual revenues exceed $1.6 billion. AIAC owns over 6.5 million square feet of industrial real estate and hold the exclusive, perpetual license to harvest 22 million acres of Canadian timberland. AIAC has purchased and operated manufacturing units of Ahlstrom, Allegion, Astrellas, Boeing, Carlyle Group, Constellium, GSK, Jabil Circuit, Johnson Controls, Kodak, Lockheed Martin, Merck, Moog, Northrop Grumman, Novelis, Pfizer, Raytheon, Rexel Group, The Riverside Company, Sandvik, Siemens, SSC, Suez, Tolko, United Technologies and other large multinational corporations. In addition to purchasing units of large multinational public companies, AIAC purchases the equity and debt of privately held companies.