ARaymond completed the acquisition of Castello Italia.

ARaymond, a firm that designs, manufactures, and delivers the innovative fastening and assembly solutions, completed the acquisition of Castello Italia, a manufacturer of polyamide plastic and spiral pipes. Financial terms were not disclosed. “We are pleased to announce our acquisition of Castello Italia. It will reinforce and complement our overall current and future product offering. The future of the automotive industry will be electric and autonomous vehicles, and we firmly believe that we should actively participate in the mobility of the future and contribute to the shift in the market by meeting customers‘ new and challenging demands," Antoine Raymond, ARaymond CEO.