MILAN, Italy (March 9) — Manuli Rubber Industries S.p.A. has bought a French maker of machinery for assembling hydraulic hose, Techmaflex, to "expand the range of products and services it offers its customers."
Manuli describes Techmaflex, based in Nantes, France, as the market leader for design, manufacturing and distribution of swaging and other machinery for hydraulic hoses and fittings.
Techmaflex generated $6.5 million in sales last year with 40 employees.
"This achievement," said Dardanio Manuli, chairman and CEO, "permits us to continue in our policy to increase business in the hydraulics sector."
Manuli Rubber said it plans to run Techmaflex as a separate division.