Announced
Completed
Synopsis
Tonello, a manufacturer of industrial machinery and technologies for garment finishing, completed the acquisition of Flainox, an Italian company that designs and manufactures dyeing and finishing machinery for the textile industry. Financial terms were not disclosed. “This acquisition represents a fundamental step in our growth journey. Collaborating with Flainox allows us to bring to the global market a solid and innovative group that remains deeply connected to tradition and territory,” Carlo Bonetti, Tonello President.
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