Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19786/lynad/news_adclick.asp?assid=19787/lynad/news_adclick.asp?assid=19788/lynad/news_adclick.asp?assid=19789/lynad/news_adclick.asp?assid=19796
Ads
13897

Manitex completes Valla acquisition


Thursday, 5 Dec 2013 ( #645 ) - Bridgeview, IL, United States
News Story
Valla SpA manufacturing site in Italy
Manitex International Inc completed its acquisition of Valla SpA on 30 November for up to USD1.2 million, to be based on an earn-out provision.

Valla is a mobile industrial crane manufacturer in Calendasco, Italy near Piacenza. An agreement in principle was disclosed on 7 November.

Mario Riva, general manager of Valla, says, "Valla's mobile industrial cranes have an outstanding reputation for quality and a long history of providing highly specialised and customised products for our customers, and we believe that Manitex International brings a strong distribution network and valued resources to the table that will significantly enhance Valla's market position."

Andrew Rooke, Manitex president and chief operating officer, comments, "Valla has a well-established brand name in mobile, industrial cranes, and we are excited to add another outstanding product line to broaden our crane portfolio."

Bridgeview-based Manitex expects Valla operations to be accretive to its earnings in 2014. Valla reported 2012 sales of approximately USD7.5 million.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x