JOINT VENTURE MVM – BUSINARO COMMERCIAL COLLABORATION AIMED AT THE TRANSFER OF KNOW-HOW
The merger of Italy's two largest manufacturers of grinding machines for industrial blades consolidates and expands the offer for grinding centres and companies in the food, plastic, paper, wood and metal sectors
Correggio (RE) and San Giovanni in Persiceto (BO) | 1 September 2022
Combining the all-Italian values of excellence, quality and attention to innovation: these are the objectives of the partnership between MVM, world leader in the production of grinding and sharpening machines for blades and linear bevelled knives, and BUSINARO, leader in the manufacture of HSS, friction, solid carbide and circular saw sharpening machines for circular knives.
The synergy between two leading manufacturers of industrial grinding machines was created to meet their needs and those of companies in the food, paper, plastic, wood and metal industries, in a rapidly changing socio-economic environment.
MVM Srl and BUSINARO Srl entered into a two-year partnership.
In the two-year period MVM will acquire BUSINARO's know-how in the design, manufacture and marketing of its grinding machines.
The conclusion of the joint venture period will see MVM acquire all the technical knowledge necessary to independently carry out the manufacture, assembly, design, production and sale of BUSINARO's products and will include the assignment in favour of MVM of patents rights and utility models registered by BUSINARO.
TWO ITALIAN SMES TOGETHER TO MEET EVERY GRINDING NEED
This is an EXCEPTIONAL operation, which is usually reserved for large multinationals.
Today, two SMEs, both 100% Italian in terms of capital and ownership, start a technical, productive, commercial and promotional partnership that will further consolidate their position in the market.
The combination of MVM's specific skills in the manufacture of grinding and sharpening machines for linear and circular bevelled blades and knives mainly intended for the paper and plastics sectors with BUSINARO's skills in the manufacture of HSS, friction, solid carbide circular saw sharpening machines generally used by tube mills, steel mills and large machine shops, and sharpening machines for circular blades mainly intended for the paper and cardboard, food, rubber, and plastic sectors, will provide customers with a complete range of products to meet all requirements.
“Through this partnership we expect to improve productivity and significantly increase market share - states Marco Fornaciari, Managing Director of MVM Srl. - As with all major business decisions, we will be working in close contact with our dealers, customers, partners, and employees to ensure that the acquisition process is as smooth as possible.”
MVM is already implementing specific structural changes and adopting the necessary integration elements.
“We have been working on this partnership for months - stresses Luca Businaro, General Manager of BUSINARO Srl, - and we are delighted to see it finally come to fruition. I have strongly believed in this partnership from the very beginning, because our companies are complementary, they are located in an area that is historically recognised for the technical skills of all its industrial sectors, with particular reference to the mechanical and motor sectors, which in Emilia Romagna have the best excellence and recognition and both operate from Italy on the world market.”
Customers will continue to receive the same high quality products and services they expect and suppliers will be guaranteed continuity of collaboration.
“BUSINARO will live on, preserving its name even after joining MVM, because it would be immoral, dishonourable and inconsiderate to erase over 50 years of Italian industrial history - concludes Marco Fornaciari.”