Bavelloni acquires Glaston Tools
Bavelloni has acquired all of the shares of Glaston Tools, which specialises, in the production and sale of tools for glass and natural stone processing.
Glaston Tools, which already supplies tools for all Bavelloni machines, employs 39 people and achieved sales of five million euros in 2017.
The company name has been changed to Bavelloni Tools.
“The acquisition of Glaston Tools represents a milestone in the completion of Bavelloni’s product range,” Roberto Califano, marketing director and partner of Bavelloni Spa, said. “This is an important goal allowing us to return to offer our customers the complete machine-tool synergy in which the Bavelloni brand has always believed since the beginning of its activity.”
Glaston and Bavelloni will also continue their partnership in the tools business, through distribution agreements with the Glaston branches in Mexico, Singapore and Brazil.
Glaston said the divestment forms part of its strategy to focus on its core Heat Treatment and Emerging Technologies and related services.