Romaco to sell Zanchetta business unit
Romaco is to sell its Zanchetta business unit, based in Lucca, Italy, to VIMA Impianti, a wholly-owned subsidiary of Italian group IMA.
Romaco is to sell its Zanchetta business unit, based in Lucca, Italy, to VIMA Impianti, a wholly-owned subsidiary of Italian group IMA.
Zanchetta manufactures processing and handling equipment for pharmaceutical solids and powders and achieved net sales of Euro 10m in 2006.
'Over the past two years the Romaco team has worked hard to transform its business to deliver the flexibility, efficiency and competitiveness that are prerequisite for success in the globalised industries we serve,' said Tom Luken, who joined Romaco as president in June 2006.
'We have divested business units that do not align with Romaco's core competences, completely re-engineered our channels to market and have achieved efficient critical mass across our manufacturing operations, where significant investments continue to be made,' he added.
'Concluding the sale of Zanchetta means that Romaco is a much more transparent and focused business with a clear product offering of primary and secondary packaging equipment for the pharmaceutical sector and semi-solids processing equipment for the food and healthcare industries.'
