QubicaAMF Worldwide: Difference between revisions
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On July 1, 2013, AMF Bowling Worldwide was reorganized out of Chapter 11 bankruptcy and combined with Strike Holdings LLC (doing business as [[Bowlmor Lanes]]) to form [[Bowlmor AMF]].<ref>{{cite web|title=Bowlmor and AMF Bowling Worldwide Announce Completion of Merger|url=http://www.businesswire.com/news/home/20130701005676/en/Bowlmor-AMF-Bowling-Worldwide-Announce-Completion-Merger#.Uvqf53khGLs|newspaper=BusinessWire|date=July 1, 2013}}</ref> On July 31, 2013, QubicaAMF Worldwide announced that it was not longer for sale, stating that, “Under the circumstances a year ago, a transaction with Bowltech presented a great opportunity for QubicaAMF. However, with the full support of our new ownership team a transaction is no longer needed.”<ref>{{cite web|title=QubicaAMF no longer for sale|url=http://www.intergameonline.com/coin-op/news/9879/qubicaamf-no-longer-for-sale|newspaper=Intergame|date=July 31, 2013}}</ref> |
On July 1, 2013, AMF Bowling Worldwide was reorganized out of Chapter 11 bankruptcy and combined with Strike Holdings LLC (doing business as [[Bowlmor Lanes]]) to form [[Bowlmor AMF]].<ref>{{cite web|title=Bowlmor and AMF Bowling Worldwide Announce Completion of Merger|url=http://www.businesswire.com/news/home/20130701005676/en/Bowlmor-AMF-Bowling-Worldwide-Announce-Completion-Merger#.Uvqf53khGLs|newspaper=BusinessWire|date=July 1, 2013}}</ref> On July 31, 2013, QubicaAMF Worldwide announced that it was not longer for sale, stating that, “Under the circumstances a year ago, a transaction with Bowltech presented a great opportunity for QubicaAMF. However, with the full support of our new ownership team a transaction is no longer needed.”<ref>{{cite web|title=QubicaAMF no longer for sale|url=http://www.intergameonline.com/coin-op/news/9879/qubicaamf-no-longer-for-sale|newspaper=Intergame|date=July 31, 2013}}</ref> |
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In March 2014 the |
In March 2014 the joint venture named David Roys as CEO. Roys was previously a senior executive at the Cerberus Operations and Advisory Company division of [[Cerberus Capital Management]], one of the owners of Bowlmor AMF.<ref>{{cite web|title=Walker steps down as QubicaAMF CEO|url=http://www.intergameonline.com/coin-op/news/11127/walker-steps-down-as-qubicaamf-ceo|newspaper=Intergame|date=March 11, 2014}}</ref> |
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==References== |
==References== |
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Revision as of 13:15, 29 May 2014
| File:QubicaAMF Worldwide logo.png | |
| Company type | Private |
|---|---|
| Predecessor | American Machine and Foundry, Qubica Worldwide |
| Founded | June 14, 2005 |
| Headquarters | |
| Website | www |
QubicaAMF Worldwide S.á.r.l. is one of the largest manufacturers and distributors of bowling products in the world, with sales offices in 15 countries. Its bowling products include automatic scoring software, center management software, ten-pin pinsetters, lanes and lane care products, pins, ball returns, and center furniture.[1]
The entity is a joint venture, of which Bowlmor AMF holds a 50% equity interest and Qubica Lux S.á.r.l., a Luxembourg holding company, holds the other 50%.[2]
Many Qubica brand and AMF brand products sold before the 2005 formation of the joint venture remain in wide use. For example, the company's current pinsetter is the QubicaAMF XLi Edge, but many AMF 82-30, 82-70, and 82-90 models remain in active service in bowling centers around the world. Similarly, many centers still use Qubica Bowland, AMF AccuScore, AMF BOSS, or AMF MagicScore scoring systems while newer products have the QubicaAMF label.[1]
QubicaAMF Worldwide sponsors the QubicaAMF World Cup, an annual ten-pin bowling championship that is one of the largest in terms of number of participating nations.
History
Qubica was started in Italy in 1993 by Roberto Vaioli, Luca Drusiani, and Emanuele Govini to "bring amusement innovations to bowlers and center proprietors worldwide."[3]
QubicaAMF Worldwide was in formed in July 2005 when AMF Bowling Worldwide (successor company to American Machine and Foundry) contributed the assets of its Bowling Products Division and Qubica Lux S.á.r.l. (successor owner to Qubica Worldwide) contributed its assets to a new joint venture of which each company retained 50% interest.[2][3]
In March 2012 the joint venture entered into a non-binding offer with Bowltech International Holding B.V. for the possible acquisition of the joint venture.[2]
On July 1, 2013, AMF Bowling Worldwide was reorganized out of Chapter 11 bankruptcy and combined with Strike Holdings LLC (doing business as Bowlmor Lanes) to form Bowlmor AMF.[4] On July 31, 2013, QubicaAMF Worldwide announced that it was not longer for sale, stating that, “Under the circumstances a year ago, a transaction with Bowltech presented a great opportunity for QubicaAMF. However, with the full support of our new ownership team a transaction is no longer needed.”[5]
In March 2014 the joint venture named David Roys as CEO. Roys was previously a senior executive at the Cerberus Operations and Advisory Company division of Cerberus Capital Management, one of the owners of Bowlmor AMF.[6]
References
- ^ a b "About QubicaAMF Worldwide". Retrieved May 29, 2014.
- ^ a b c "Declaration of Stephen D. Satterwhite, Chief Financial Officer and Chief Operating Officer of AMF Bowling Worldwide, Inc., in Support of the Debtors' Chapter 11 Petitions and First Day Pleadings (Document 24), Case No. 12-36495, United States Bankruptcy Court for the Eastern District of Virginia, Richmond Division". Retrieved February 22, 2014.
- ^ a b "The History of QubicaAMF Worldwide" (PDF). Retrieved May 29, 2014.
- ^ "Bowlmor and AMF Bowling Worldwide Announce Completion of Merger". BusinessWire. July 1, 2013.
- ^ "QubicaAMF no longer for sale". Intergame. July 31, 2013.
- ^ "Walker steps down as QubicaAMF CEO". Intergame. March 11, 2014.
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