Schioppa Casters and Wheels to acquire the Brazlilian business of Colson Group.

Schioppa Casters and Wheels, a caster and wheel manufacturer agreed to acquire the Brazlilian business of Colson Group, a global manufacturer. Financial terms were not disclosed. "This sale will streamline our global operations and allow us to focus on our core businesses. We would like to thank the entire Colson Brazil team for their efforts in building a strong and prosperous business and wish them all the best for their future," Richard Kobor, Colson Group CEO.