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Article: Negri Bossi buys BM Biraghi.
- Article from:
- British Plastics & Rubber
- Article date:
- April 1, 2002
CopyrightCOPYRIGHT 2002 Euro Publishing Consultancy. 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)
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CONSOLIDATION in Italian injection moulding machinery manufacture has taken another step with the purchase by the Sacmi Imola group, through Negri Bossi, of a majority share in BM Biraghi. This brings under one roof the brands of Negri Bossi, Oima and now BM Biraghi.
The consolidation trail started in November when a majority of Negri Bossi's shares were sold on the stock exchange, ostensibly to raise cash to buy a German machine company and one in Italy. The strategy was to increase the size of the company to make it more competitive with other European majors, to increase its machine size range, and to acquire a bridgehead into Germany -- a notoriously ...