Bavelloni SpA Acquires Glaston Tools Srl

Glass Magazine
January 2, 2019
COMMERCIAL, FABRICATION

Bavelloni SpA signed an agreement for the acquisition of 100 percent of the shares of Glaston Tools Srl with Glaston Corp., a Finnish company in the field of glass heat treatment technologies.

"The acquisition of Glaston Tools represents a milestone in the completion of Bavelloni's product range," says Roberto Califano, marketing director and partner at Bavelloni SpA. "This is an important goal allowing us to return to offer our customers the complete machine-tool synergy in which the Bavelloni brand has always believed since the beginning of its activity.”

Glaston Tools, based in Bregnano, Italy, specializes in the production and sale of tools for glass and natural stone processing. Glaston Tools Srl, already the official supplier of tools for all Bavelloni machines, has a staff of 39 people and in 2017 achieved a turnover of almost $6 million.

The company’s name was changed to Bavelloni Tools Srl. Glaston and Bavelloni will also continue their partnership in the tools business, through distribution agreements with the Glaston branches in Mexico, Singapore and Brazil.