Expansion in the Injection Molding Machine Field
Nissei Signs to Acquire a Majority Stake in Negri Bossi
On 21st November 2019, Kingsbury Corp. has signed to sell a majority stake of Negri Bossi S.p.A., an Italian company active in the manufacture and sale of injection molding machines and robot equipment, to Nissei Plastic Industrial Co., Ltd. The closing is expected in January 2020 and Kingsbury Corp. will maintain a minority stake in the company.
By acquiring a stake in Negri Bossi, Nissei will be able to expand and strengthen its business domain in the injection molding machine field. The combination of Nissei’s injection molding machines and Negri Bossi’s injection molding technology is expected to expand each product portfolio and provide a comprehensive solution to a wide customer segment. Nissei will also utilize the R&D and sales capabilities of Negri Bossi to expand Nissei’s strengths in small and medium electric injection molding machines.
Reciprocally Complementing Relationship
“Negri Bossi is a well-established injection molding machine manufacturer in Italy with more than 70 years of history, and this acquisition will enable respective business enhancement based on a reciprocally complementing relationship by geographical and product type perspective. Consolidated sales of the Nissei group will hit approximately 50 billion Japanese yen (EUR 420 million). In addition to the integration of production, sales and service, we will be able to achieve further growth through global marketing with robot companies,” Hozumi Yoda, President and Representative Director of Nissei said.
From Negri Bossi side Craig Ward, General Manager, gave his comment: “The strategic choice to purchase Negri Bossi was based on very strong potential synergies such as our strong geographical footprint in Europe and East coast of America compared to theirs of the Far East, Asia and west coast of America. In terms of product they have a history of direct lock machines whilst we have always been known for our toggle machines. We are able to offer high tonnage machines were as they currently only go to 1300 t whilst they are able to offer to market vertical machines.”
About Negri Bossi
Established in 1947 in Cologno Monzese (Milan), Italy, Negri Bossi is an injection molding machine manufacturer in Italy with a wide range of injection molding machines, amongst which ultra-large injection molding machines and molding systems. The Group also provides products and solutions tailored to the customer. Negri Bossi has a particularly strong presence in Europe and a solid customer base in a wide range of industries and has an important presence also in the USA, Mexico and India. Negri Bossi has achieved revenues of more than EUR 100 million over the last few years.
About Nissei Plastic
Nissei Plastic Industrial is a Japanese company, listed on the Tokyo Stock Exchange, engaged in the manufacture and sale of injection molding machines, peripherical equipment, parts and dies. The company operates in three segments: Japan (active in purchase, manufacturing and sale of injection molding machines and peripherical equipment), USA (engaged in the sale of products) and Asia (with China and Thailand affiliates focused on manufacturing and sales).
Negri Bossi S.p.A.
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