By Dasha Afanasieva and Clara Denina
LONDON, March 7 (Reuters) - Private equity firm Advent hashired Goldman Sachs and Rothschild to sellDutch conveyor belt company Ammeraal Beltech in a processexpected to begin around the end of this month, two sourcesfamiliar with the deal said.
One of the sources said the manufacturer could be worthbetween 800 million euros ($993 million) and 1 billion euros.
Spokeswomen for Advent and Rothschild declined to comment. Aspokesman for Goldman Sachs did not immediately respond to arequest for comment.
In 2016, Ammeraal Beltech's global turnover was 368 millioneuros. Advent acquired the company, which has 2,500 employees,in 2015, without disclosing how much it paid for it.
Sources at the time of the transaction said they believed itto be worth around 500 million euros. Advent bought it fromGilde Buy Out Partners and Parcom Capital Management whichdelisted the firm from Euronext Amsterdam in 2011.
The company was founded by Dutchman Thomas Ammeraal, who in1950 invented a woven conveyor belt for the biscuit industry.
Headquartered in the town of Alkmaar, north of Amsterdam,the company merged with Germany's Verseidag Beltech in 2000 andnow produces belting systems for markets including food,airports and mail offices.
Under Advent's ownership, the firm acquired beltingdistributors Europe-based Fogarty Belting and B&H PrecisionBelting in 2017, and Australian distribution partner RydellIndustrial in 2016.
Advent was founded in 1984, initiated its private equitystrategy five years later and as of September 30 2017 wasmanaging $42 billion in assets.
Last week Advent agreed to buy British electronics andtechnology business Laird, valuing it at around 1.2billion pounds including debt.
In 2016 Advent raised $13 billion for its latest fundfocussing on business and financial services, healthcare,industrial, retail and consumer, and technology, media andtelecommunications.($1 = 0.7222 pounds)($1 = 0.8056 euros)(Reporting by Dasha Afanasieva and Clara DeninaEditing by Keith Weir)