Article: Negri Bossi buys BM Biraghi.(Brief Article)

The consolidation of Italian injection press makers keeps rolling, as Negri Bossi SpA said it will spend $6 million to buy 70 percent of BM Biraghi SpA of Monza, Italy.

The Negri Bossi Group - including Negri Bossi, BMB and Oima SpA, a specialized press supplier purchased last November - will generate total sales of $143 million this year and employ 550, according to company officials.

Companies in the group have more than 20,000 injection presses installed around the world. The company said 260 employees, or nearly half the group total, work at the Negri Bossi headquarters factory in Cologno Monzese, Italy.

Negri Bossi said buying BMB gives ...

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