The Ability To Lead In Several Different Industries And Business Branches Yet Also A Rare Capacity To Look Ahead And Remain True To A Challenging Commitment One That Has Been The Grouprsquos Hallmark For Decades Investment In Technology And Human Capital To Bring About The Conditions Ndash Through Futureoriented Corporate And Managerial Decisions Ndash For Growth And Expansion On World Marketsthese Then Are The Key Points Underlying The Transaction Officialised Today Via Which The Sacmi Group Will Transfer The Entire Plastics Division To The Kingsbury Group A Large Multinational Based In Rochester New York Usa Global Players In The Automotive Aerospace And Electronic Components Industries They Have Been Doing Business For Over 120 Years Ldquothis Sale Is In Keeping With Sacmirsquos Desire To Streamline Management And Focus More On The Ceramics And Packaging Sectorsrdquo Stated The Sacmi Grouprsquos General Manager Pietro Cassani Who Will Following This Operation Become A Member Of The American Giantrsquos Board Of Directors The Transaction Was Aided By Rothschild And On The Legal Side By The Lawyer Mr Bovesi Of The Law Firm Bovesi Cartwright Pescatorethree Lsquofamily Jewelsrsquo Will Thanks To Their Transfer To Kingsbury Experience New Growth Opportunities The First Negri Bossi One Of Europersquos Leading Designers Of Plastic Injection Moulding Presses Has Been A Sacmi Group Company For Some Ten Years Now And During That Decade This Cologno Monzesebased Company Has Undergone Extensive Reorganisation And Seen Its Product Range Steadily Expand Towards The Top End Of The Market The Second Jewel Bipower Is A Sacmi Branch Specialising In The Manufacture Of Very Large Presses And Is Already A Longstanding Supplier To Europersquos Major Automobile Manufacturers Such As Fiatchrysler Last But Certainly Not Least Comes Robolinesytrama Of Vignate Milan A Provider Of Robotized Business Solutions To The Plastics Industryldquothe Kingsbury Grouprdquo Explains Cassani Ldquoundoubtedly Has The Skills Needed To Give This Business Currently Worth Some 100 Million Euros A Further Boostrdquo Given The Huge Contribution The Lsquonew Entriesrsquo Will Make To This American Giant Nb Subsidiaries In Spain France Uk India Canada And Naturally The Usa Will Also Be Lsquogoing Americanrsquo Overall Business Volumes Are Expected To Rise To 250 Million Eurosthen Of Course There Are The Positive Effects The Deal Will Have On Sacmi Itself Ldquomy Presence On The New Kingsburynegri Bossi Board Of Directorsrdquo Underlines Cassani Ldquoensures Strong Ties With The Sacmi Group Which Remains The Main Supplier Of Hightonnage Presses Built In Imola The Current Portfolio At Record Levels Ever Since We Started Manufacturing In Imola Now Obliges Us To Increase Staff Numbers There And We Do So With Pleasurerdquoin Other Words This Internationalization Process Is Good For Growth And Employment Here In Italy As Ldquothe New Owners Have Expressed Their Intention To Maintain The Current Output Facilities Especially In Cologno And At Sacmi Imola Without Any Personnel Cuts In Factrdquo Reveals Cassani Ldquothe Emphasis Is On Growth Which Is Being Driven By The Two Most Promising Markets The Usa And The Ukrdquonew And Even More Ambitious Goals Then For Both Groups And All The Ingredients For Success The Kingsbury Portfolio In Fact Spans Ndash To Name But A Few Ndash From The Us Ministry Of Defense To Chrysler From Ford To Briggs Amp Stratton From Whirlpool To Honeywell And Sacmi For Its Part Closed 2013 Positively Confirming That The Performance Of 2012 Has Continued Also Into The Current Year With Further Growth Of Volumes And Revenues Across All Divisions
