Bavelloni Spa acquires Glaston Tools SrlDate: 28-12-2018
Bavelloni SpA, a historical company in the field of glass processing machines, has signed at the end of December 2018 an agreement for the acquisition of 100% of the shares of Glaston Tools Srl with Glaston Corporation, a Finnish company, leader in the field of glass heat treatment technologies and listed on the Helsinki Stock Exchange.
Glaston Tools, based in Bregnano (CO) in the North of Italy, is specialized in the production and sales of tools for glass and natural stone processing.
Glaston Tools Srl, already official OEM supplier of tools for all Bavelloni machines, has a staff of 39 people and achieved in 2017 a turnover of about € 5 Mio.
The Company name has been changed to Bavelloni Tools Srl.
Glaston and Bavelloni will continue their partnership in the tools business, through distribution agreements with the Glaston branches in Mexico, Singapore and Brazil.
In Benelux and DACH countries, Febac Europe BV, in close collaboration with GS Technics BV, remains the official supplier of tools for all Bavelloni machines and continues to be the most important sales channel for the products of Bavelloni Tools Srl in this area.