Colines acquires Torninova

15 March 2016

Company based in Nibbia (Novara, Italy), Gruppo Colines Holding, active in the production of lines and machines for plastics processing, has finalized a business branch lease agreement aimed at the acquisition of the sector of the company Torninova in Bastia Umbra (Perugia, Italy). This latter is dedicated to manufacturing, assembling and maintenance of equipment for producing plastics materials in general and, in particular, air bubble film.

Gruppo Colines Holding, already a key player in the global market with its subsidiaries Ccolines and Elav, operating with a production range including eight sectors, thanks to this integration intends to strengthen also its predominant global sales volume - besides its high technological quality - in the field of machinery for producing protective air bubble film.

"This operation - as commented by Eraldo Peccetti, president and CEO of Gruppo Colines Holding - expresses a perfect combination and substantial synergy between the high technology of the machinery for air bubble film - and not only - designed and sold by Colines since the early seventies and the large number of lines for the same application designed and sold by Torninova since the Nineties all over the world".