|
|
Article: Negri Bossi readies for public offering.(Brief Article)(Statistical Data Included)
- Article from:
- Plastics News
- Article date:
- October 29, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DUSSELDORF, GERMANY - Negri Bossi SpA, an Italian injection press maker, plans to go public before Nov. 10, officials said at K 2001 in Dusseldorf.
Milan, Italy-based Negri Bossi currently is owned by investment firm Private Equity Partners, also of Milan. PEP bought Negri Bossi from Kvaerner ASA of Oslo, Norway, in 1999.
The initial public offering on the Milan stock exchange should raise $50 million. The company's main objectives are to develop new products, make acquisitions and expand commercial activity into new markets, including Brazil.
Negri Bossi reported sales of about $50 million in the first half of 2001, up about 7 percent from the ...