 |
 |
||||||
[April 2007]
SITI-B&T Group; World's Second Largest Ceramic Machinery Supplier
The newly-created SITI-B&T Group, the second largest ceramic machinery supplier in the world, has been created through the merger by incorporation of SITI of Marano Ticino (Novara, Italy) into Barbieri&Tarozzi of Formigine (Modena, Italy). The merger brings together two historic companies renowned for their outstanding technological expertise and longstanding presence in the domestic and international markets and constitutes one of the most interesting industrial projects in the Italian manufacturing goods sector. The strategic agreement was signed last August but the merger has just become effective from this month.
More than 800 employees working at the 16 sites located world-wide (three production units in Italy at Formigine, Milan and Marano Ticino; three production units abroad, in Spain, China and Brazil; and 10 service points) and a 2006 turnover of €170 million - these figures, say the group, highlight its strength which, besides maintaining a leadership position in its core product segments, is now capable of integrating the product ranges to be offered to international markets where the commercial activities of the two companies will complement each other perfectly.
The group will enjoy strong competitive advantages due to B&T's consolidated presence in Europe, the Middle and Far East and Latin America and SITI's strong position in Eastern Europe, Russia and the former Soviet republics, Brazil and North Africa.
The integration is also evident at a management level. The chairman of the SITI-B&T Group is Fausto Tarozzi, Founder and former Chairman of Barbieri&Tarozzi. Fabio Tarozzi, former Director of the B&T group, is the new Operating Vice Chairman and General Manager, while Mario Speranza, former Managing Director of SITI, maintains the same position within the new group.
The objective of the merger is to produce even higher quality machinery and to invest in technological innovation while maintaining high-level support and excellent sales positioning in key areas world-wide.
www.barbierietarozzi.com
ENDS