Hauni Maschinenbau has acquired the Garbuio Dickinson Group, a primary equipment specialist. The transaction was closed on June 30, 2014. Both companies will continue to act independently, using their existing brands. Mansueto Favaro, Garbuio Dickinson’s managing director, will continue to be responsible for the company’s operating business as member of the management board.
According to Hauni, the acquisition will benefit the R&D and service capabilities of both companies. The deal complements the current product portfolios of both firms and will therefore create more options for integrated solutions for increased customer satisfaction.
“Garbuio Dickinson and Hauni will jointly develop innovative products and solutions for the future,” says Hauni CEO Christopher Somm. “This will serve all our customers in a market that is heavily driven by new trends and challenged by increasing international regulation. We are pleased to welcome Mansueto Favaro and his team in our organization. Jointly we will strive to meet our customers’ high expectations by creating substantially more added value for our customers.”
“In a market driven by consolidation, Garbuio Dickinson starts the new partnership from a solid position,” says Favaro. “In Hauni we see the ideal partner to open up new and long-term perspectives for our organization and to inspire our customers with outstanding innovations.”
The Garbuio Dickinson Group employs more than 300 people in Italy, the United Kingdom, Indonesia and the United States. The group also maintains a joint venture in India to serve the local and neighboring markets.
Category: Breaking News