ARaymond has acquired Castello Italia SpA, a company specialised in tube production for the pneumatic and industrial markets.
Broadening ARaymond’s product offering, the purchase of the tubing manufacturing company will open up new diversification opportunities within some selected industrial sectors.
“We are pleased to announce the acquisition of Castello Italia. It will reinforce and complement our overall current and future product offering. The future of the automotive industry will be electric and autonomous vehicles and we firmly believe that we should actively participate in the mobility of the future and contribute to the shift in the market by meeting customers' new and challenging demands,” said Antoine Raymond, CEO at ARaymond.
He adds: “ARaymond is an innovative leading supplier of QCs and nozzles for all fluid systems, and we will continue to design and produce QCs, invest in R&D and the global production capacity. We have a history of more than 155 years of innovations and we strive to continuously reinvent ourselves to be ahead of the very rapid technological changes in our market.”
With more than 7,000 employees in 25 countries around the world, the ARaymond Network designs, manufactures and markets assembly and fastening systems. Founded in 1865, this family business – based in Grenoble, France – has always put human values at the heart of its success and is one of the global leaders in fastening and assembly solutions for many market segments.
Source: Fastener and Fixing