Cascade Corporation has finalised its acquisition of Italian attachments producer Roncari Srl.
Cascade said on September 11 that it had signed a preliminary agreement to acquire all outstanding shares in the company. The completion of the acquisition was announced today.
Cascade, in a brief statement, said it paid USD6.5 million cash to buy Roncari, which has annual revenues of about USD12 million.
Cascade's Roncari acquisition was announced just before publication deadline. See next week's issue for a detailed look at the sale and what it means for the companies involved and the wider market.