SACMI
Italian equipment manufacturer sells its Negri Bossi, Bi-Power and Roboline-Sytrama plastics activities to Kingsbury Group / Facilities and workforce to remain intact
Italian compression moulding equipment manufacturer Sacmi Group (Imola; www.sacmi.com) on 11 April announced that it had sold its Plastics division to US conglomerate Kingsbury Group (Rochester, New York). Financial details of the deal – which includes plastics injection moulding press manufacturer Negri Bossi (Milan / Italy; www.negribossi.com), large press producer Bi-Power and robotized business solutions provider Roboline-Sytrama (Milan / Italy; www.roboline.it) – were not disclosed. Together, the three business units are worth about EUR 100m, the Italian company said.

Sacmi Group general manager Pietro Cassani said the sale was “in keeping with Sacmi’s desire to streamline management and focus more on the ceramics and packaging sectors.” Under the terms of the agreement, Cassani will become a member of Kingsbury’s board of directors, a position which, he said, would ensure strong ties between the two companies.

He added that the US company said it plans to maintain the existing facilities in Cologno and Imola, without cutting down the workforce. The focus instead was in promoting further growth, primarily in the US and the UK.

As for Sacmi itself, Cassani said the supplier of high-tonnage presses is planning to raise its staff levels in the future. The deal does not include Sacmi Imola, which produces PET preforms and closures, among others.
16.04.2014 Plasteurope.com [228058-0]
Published on 16.04.2014
Sacmi: Spritzgießmaschinenbauer Negri Bossi in die USA verkauftGerman version of this article...

© 2001-2020 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by Plasteurope.com, Bad Homburg
Date of print: 21.09.2020 17:52:15   (Ref: 70536963)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp