 "Plastics machinery maker Colines buys Torninova")
Gruppo Colines Holding, the Novara (Italy) based supplier of production lines and machinery for plastics processing, has agreed to acquire Torninova Srl, which is dedicated to manufacturing, assembling and maintenance of equipment for producing plastics materials in general and, in particular, air-bubble film.
Gruppo Colines Holding, already a key player in the global market with its subsidiaries Colines SpA and Elav Srl, operating with a production range including eight sectors, thanks to this integration intends to strengthen also its predominant global sales volume - besides its technological superiority - in the field of machinery for producing protective air-bubble film.
“This operation expresses a perfect combination and substantial synergy between the high technology of the machinery for air-bubble film - and not only - designed and sold by Colines since the early 1970s and the large number of lines for the same application designed and sold by Torninova since the 1990s all over the world,” said Eraldo Peccetti, President and CEO of Gruppo Colines Holding.
Gruppo Colines Holding, already a key player in the global market with its subsidiaries Colines SpA and Elav Srl, operating with a production range including eight sectors, thanks to this integration intends to strengthen also its predominant global sales volume - besides its technological superiority - in the field of machinery for producing protective air-bubble film.
“This operation expresses a perfect combination and substantial synergy between the high technology of the machinery for air-bubble film - and not only - designed and sold by Colines since the early 1970s and the large number of lines for the same application designed and sold by Torninova since the 1990s all over the world,” said Eraldo Peccetti, President and CEO of Gruppo Colines Holding.
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