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SITI - B&T
Group,
the world’s second largest ceramic
machinery supplier, is formed
Two
of the largest Italian companies in the
sector join forces to provide increasingly
innovative technological offerings and an
extensive presence in international markets
The newly-created SITI - B&T Group, the
second-largest ceramic machinery supplier in
the world, has been created through the
merger by incorporation of SITI of Marano
Ticino (Novara) into Barbieri&Tarozzi of
Formigine (Modena). The merger brings
together two historic companies renowned for
their outstanding technological expertise
and longstanding presence in the domestic
and international markets and constitutes
one of the most interesting industrial
projects in the Italian manufacturing goods
sector. The strategic agreement was signed
last August but the merger becomes effective
as of April this year.
More than eight hundred employees working at
the sixteen sites located worldwide (three
production units in Italy at Formigine,
Milan and Marano Ticino; three production
units abroad, in Spain, China and Brazil;
and ten service points) and a 2006 turnover
of 170 million euro.
These figures highlight the strength of this
new group, which besides maintaining a
leadership position in its core product
segments, is now capable of integrating the
product ranges to be offered to
international markets where the commercial
activities of the two companies will
complement each other perfectly.
The group will enjoy strong competitive
advantages due to B&T’s consolidated
presence in Europe, the Middle and Far East
and Latin America and SITI’s strong position
in Eastern Europe, Russia and the former
Soviet republics, Brazil and North Africa.
The integration is also evident at a
management level. The chairman of the SITI -
B&T Group is Fausto Tarozzi, founder and
former chairman of Barbieri&Tarozzi. Fabio
Tarozzi, former director of the B&T group,
is the new operating vice chairman and
general manager, while Mario Speranza,
former managing director of SITI, maintains
the same position within the new group.
The objective of the merger is to produce
even higher quality machinery and to invest
in technological innovation while
maintaining high-level support and excellent
sales positioning in key areas worldwide.
E-Mail: press@sala-service.it |
