MILAN, Italy (Jan. 16, 2008) — Manuli Rubber Industries S.p.A. has acquired hydraulics distributor Hebu Investments B.V. from Halder, the Dutch branch of Belgium investment company GIMV.
Hebu has 16 distribution centers throughout the Netherlands and one in Belgium. The group anticipates 2007 revenues of about $7.3 million.
Including Hebu, Manuli now operates a network of more than 110 fully owned distribution centers in Europe and Argentina.