Italian firm Cifin Holding and owner of the Emmegi Group acquires Elumatec Group

Photo source
emmegi.com
Under the umbrella of the Italian firm Cifin Holding, elumatec AG, an international leader inthe manufacturing of machines for processing aluminium, PVC and steel profiles, is joining the Emmegi Group to create a new heavyweight in the industry.

Cifin Holding, which also owns Emmegi, announced today that it has acquired elumatec AG and its subsidiary companies.All parties involved in the deal have agreed not to disclose any details about the transaction.

In an official announcement to its customers and industry partners, elumatec AG said: ‘Cifin Holding, which has now acquired elumatec AG and all its subsidiary companies, also owns the Emmegi Group, which, as you know, is active in the same industry. Therefore, Cifin Holding already possesses an outstanding understanding of our market.

‘elumatec and Emmegi will remain autonomous companies that will operate independently of one another as competitors in the market. However, the new structure enables us to achieve solid growth and a much stronger presence in this economic sector. You can continue to expect ingenuity, expertise, technology and competency from us. You, our customers, will also benefit from our new corporate organization.

‘Looking ahead at 2016 and 2017, we are already able to announce in-house product developments that will make it possible for us to offer innovations that will lead us forward and benefit our customers in the future. Of course, our global sales and service network will continue to operate in this new configuration just as reliably as you have come to expect.’

Their official press announcement adds: “Britta Hübner, CEO of elumatec AG, said: ‘Our restructuring concept is a resounding success, making it possible for elumatec to continue operating in the global market at full capacity and without the burdens of the past. Cifin possesses an outstanding understanding of our market. This industry solution comes at just the right time. It ensures continuity and growth for our company.’

Cifin President Valter Caiumi added: ‘This acquisition enables both companies to achieve solid growth and a much stronger presence in this economic sector. With ingenuity, expertise and innovative technology, we can increase the added value for our customers, who stand to benefit above all from this outstanding combination.’”

Phil Heavey, managing director of elumatec UK said: ‘I was delighted to be able to make this announcement to our customers and partners and hope they will see the positive benefits to them and to the industry. If anyone would like to request additional information or has questions they are welcome to contact me any time on 01908 580800 and of course we look forward to meeting visitors to the elumatec stand at the FIT Show in April.’

With over 700 employees, elumatec achieved consolidated sales of about 120 million euros in 2014. In addition to its headquarters and production facility in Mühlacker, elumatec maintains a sales and production facility in Bosnia-Herzegovina as well as an existing sales and service network of more than 30 subsidiary and second-tier subsidiary companies and numerous dealers in over 50 countries across the world.

Like elumatec, Emmegi s.p.a. produces machines, equipment and software for the handling of aluminium, steel and PVC profiles. The family company has around 500 employees worldwide and achieves sales of 105 million euros, with 84 million euros of that figure coming from international markets. In addition to its headquarters in Soliera (Modena), Emmegi maintains production facilities in Piacenza, Reggio Emilia and Suzhou (China). Together, Emmegi and elumatec possess six production units, five in Europe and one in Asia.

Cifin Holding S.r.l. was founded in 1972 by Giuseppe Caiumi. Today the holding is led by Valter Caiumi, who serves as president, alongside his siblings Andrea und Paola, who belong to the Management Board. Cifin’s brand portfolio includes the companies Emmegi, Tekna, Emmegisoft and Keraglass. The companies controlled by the holding represent a market leader in the production of processing technologies for aluminium, PVC, light metal and glass, and report continuous growth.

In addition to the company headquarters in Soliera (Modena), Cifin Holding owns production facilities in Piacenza, Reggio Emilia and Suzhou (China). In 2015, the company achieved consolidated sales of approximately 105 million euros, 80% of which was derived from international markets. Cifin Holding has more than 500 employees, 112 of whom are based internationally.

600450 Italian firm Cifin Holding and owner of the Emmegi Group acquires Elumatec Group glassonweb.com

See more news about:

Others also read

MY Shower Door and Mappi: a Top Ten partnership, when excellence is an everyday strength
We want to congratulate to MY Shower Door for their excellent result.
Amal Clooney
Clooney will speak at the Opening Plenary on Wednesday, Nov. 14 from 9-10 a.m. at the LEED-certified McCormick Place Convention Center.
Michele Gusti
The election took place on 10 July 2018, during the annual Members' Meeting, which also voted on the new Board of Directors.
Glass sheet 9.000 x 3.210 mm
On the occasion of its OPEN HOUSE 2018, Forel presented the innovative IG line “No Limits 9000” for large size formats, able to process insulating glass panels of up to 9 x 3.30 metres.
Mappi expanding in Asian markets
With great pleasure, in these days Mappi concluded a strategic partnership with EUROTECHCORP the leading company in Viet Nam and South East Asia Countries with more than 20 years of experiences in consulting e supplying top of the range equipment line. 
Machinery and products for glass: Markets on the upswing, excellent exports performance
The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year.

From industry

Via per Monastier, 4
31056 Vallio di Roncade TV
Italy

NEWS RELATED PRODUCTS

Officina Meccanica Schiatti Angelo S.r.l.
Adelio Lattuada S.r.l.
Mappi International Srl
Adelio Lattuada S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.

Add new comment