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“This is a strategic move for the success of Fosber Group,” says Group’s General Manager Marco Bertola. “The corrugating rolls produced by Tiruña are one of the core and indispensable components of both Fosber and Quantum production lines”
Fosber and Tiruña signed an initial agreement to aquire a 70% stake in the Spanish company in May 2019. The deal included a call option to buy the remaining 30% shares after three years, which was implemented at the end of July this year by Fosber SpA‘s owner, China’s Guangdong Dongfang Precision Science Corporation. & Technology Co., Ltd.
By purchasing the remaining 30% of the shares, Fosber officially became 100% owner of Tiruña.
With the acquisition of the remaining shares of the Spanish company, Fosber Group announced the imminent retirement of Jose Miguel Guibert, former Managing Director of Tiruña.
“We would like to thank Jose for his leadership, strategic vision and impact he made for over three decades working within the company,” said Marco Bertola.
“He has played a significant role in transforming the company from a local regional supplier to a worldwide leading provider of corrugating rolls.”
gofro.expert
