Bavelloni SpA Signs Agreement to Acquire Glaston Mexico

Glass Magazine
November 4, 2019
COMMERCIAL, FABRICATION

Bavelloni SpA finalized the acquisition of all of the shares of Glaston Mexico S.A. de C.V., a company of the Glaston Group.

Glaston Mexico, which will become Bavelloni Mexico, is a business based in Guadalajara, Mexico, specializing in the sales and service of Bavelloni products and in the sales of Glaston HT machines. The company has been operating for more than 25 years, installing over 1,000 machines in Mexico and other Central American countries.

The purchase of the Mexican subsidiary represents a milestone in Bavelloni's strategic plan, as it will allow the direct management of both commercial and after-sales activities in a very important area of the world, say company officials. Bavelloni Mexico will continue to be managed by Matteo Gherseni, who ran the subsidiary over the last ten years.

At the same time as the acquisition, an agency contract was also finalized enabling Bavelloni Mexico to continue promoting Glaston HT products in Mexico and Central America as the official agent for the Finnish brand.

The collaboration between Glaston and Bavelloni will continue unchanged in Italy, where Bavelloni SpA is a Glaston Official Agent, as well as in Brazil and Singapore, where Glaston operates as a Bavelloni official distributor.