Manuli adds RYCO to create global hose and fittings'leader'

摘要

ITALY-Manuli Rubber Industries(MRI)has acquired a majority shareholding in RYCO Hydraulics Pty Ltd of Melbourne,Australia,the companies have jointly announced.Terms were not disclosed.With sales of almost €500 million and 4,500 employees,the combined business,will be a leader in the global hydraulic hose and fittings industry,according to the 3 Feb statement.Following the deal,Milan-based MRI will merge its Manuli Hydraulics(design and manufacture)and Fluiconnec-to(distribution and service)divisions with RYCO.