QubicaAMF Worldwide: Difference between revisions
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In March 2012 the joint venture entered into a non-binding offer with [http://www.bowltech.nl Bowltech International B.V.] for the possible acquisition of the joint venture.<ref>{{cite web|title=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|url=http://www.kccllc.net/amf/document/1236495121113000000000015|accessdate=February 22, 2014}}</ref> |
In March 2012 the joint venture entered into a non-binding offer with [http://www.bowltech.nl Bowltech International B.V.] for the possible acquisition of the joint venture.<ref>{{cite web|title=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|url=http://www.kccllc.net/amf/document/1236495121113000000000015|accessdate=February 22, 2014}}</ref> |
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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 no 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 [[Bowlero Corporation|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 no 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 September 2013 the Qubica founders, as well as legacy partners Guido Sorba, Pat Ciniello, Frank Mascadri and Rich Albright, bought the remaining shares from the European private equity fund that co-owned Qubica, giving them 50% ownership of QubicaAMF. In December 2014 the Qubica founders and partners acquired the 50% owned by Bowlmor AMF, giving them 100% ownership of QubicaAMF.<ref name="BuyBack"/> |
In September 2013 the Qubica founders, as well as legacy partners Guido Sorba, Pat Ciniello, Frank Mascadri and Rich Albright, bought the remaining shares from the European private equity fund that co-owned Qubica, giving them 50% ownership of QubicaAMF. In December 2014 the Qubica founders and partners acquired the 50% owned by Bowlmor AMF, giving them 100% ownership of QubicaAMF.<ref name="BuyBack"/> |
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Revision as of 15:27, 1 April 2018
| File:QubicaAMF Worldwide logo.png | |
| Company type | Private |
|---|---|
| Predecessor | American Machine and Foundry, Qubica Worldwide |
| Founded | June 14, 2005 |
| Headquarters | |
| Website | www |
QubicaAMF Worldwide is one of the largest manufacturers and distributors of bowling products in the world, with sales offices in 15 countries. The company's bowling products include automatic scoring software, center management software, ten-pin pinsetters, lanes and lane care products, pins, ball returns, and center furniture.[1]
Many products of its predecessor companies remain in wide use. For example, the company's current pinspotter is the QubicaAMF XLi Edge, but many AMF 82-30, 82-70, and 82-90 models remain in active service in bowling centers on 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 S.p.A. was founded in Italy in 1993 by Roberto Vaioli, Luca Drusiani, and Emanuele Govoni to "bring amusement innovations to bowlers and center proprietors worldwide."[2]
In 2003 Qubica acquired the Mendes company, a maker of pinsetters, ball returns, and automated scoring systems.[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 of Qubica) contributed Qubica S.p.A. to a new joint venture of which each company retained 50% interest.[4]
In March 2012 the joint venture entered into a non-binding offer with Bowltech International B.V. for the possible acquisition of the joint venture.[5]
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.[6] On July 31, 2013, QubicaAMF Worldwide announced that it was no 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.”[7]
In September 2013 the Qubica founders, as well as legacy partners Guido Sorba, Pat Ciniello, Frank Mascadri and Rich Albright, bought the remaining shares from the European private equity fund that co-owned Qubica, giving them 50% ownership of QubicaAMF. In December 2014 the Qubica founders and partners acquired the 50% owned by Bowlmor AMF, giving them 100% ownership of QubicaAMF.[3]
References
- ^ a b "About QubicaAMF Worldwide". Retrieved May 29, 2014.
- ^ "The History of QubicaAMF Worldwide" (PDF). Retrieved May 29, 2014.
- ^ a b "QubicaAMF Poised to Bring in a New Era of Bowling with Fully Invested Qubica Legacy Partners Owners". TalkTenPin. December 1, 2014.
- ^ "Contribution Agreement". Retrieved December 16, 2014.
- ^ "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.
- ^ "Bowlmor and AMF Bowling Worldwide Announce Completion of Merger". BusinessWire. July 1, 2013.
- ^ "QubicaAMF no longer for sale". Intergame. July 31, 2013.
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