ParkOhio Enters Into Agreement To Acquire Italian Equipment Manufacturer – Saet S.p.A.
ParkOhio (NASDAQ: PKOH) announced today that it has signed a definitive agreement with Milan, Italy based Star Capital SGR S.p.A. and other minority shareholders to acquire Saet S.p.A headquartered in Turin, Italy for approximately €18.4 million (approximately $22.9 million) in cash. The transaction is expected to close by December 22, 2014, s...
The new Scavolini Store opens in Chicago
This important new space follows the opening of the Scavolini Soho Gallery in New York by Scavolini USA, in 2010, which is Manhattan's largest kitchen showroom to date, and the store inaugurated last September in Miami. The exclusive location—the world's widest building at the time of its inauguration in 1930—belonged the Kennedy family for many y...
Brembo receives Gm Quality Excellence Award
Brembo's disc processing plant in Mapello, Italy has been awarded the General Motor's Supplier Quality Excellence Award for 2013, during an Opel/Vauxhall event. GM gives this award to suppliers who have excelled in the past 12 months for the highest quality standards in the automotive industry. Brembo, which has always focused on providing its cus...
Executive says Chrysler’s city commitment high priority
by Tyrel Linkhorn Even as Fiat Chrysler Automobiles looks to expand its valuable Jeep brand worldwide, a high-ranking executive from the the newly unified automaker said Tuesday the company remains committed to the brand's importance in Toledo and its history here. "We recognize Toledo is the spiritual home of the Jeep," said Maur...
Toledo gets taste of Italian businesses
A summit to showcase the business and development opportunities that Toledo and Ohio can offer Italian companies began Monday night with community and business leaders promoting the area's strengths. Speaking through a translator, Carol Contrada, president of the Lucas County Commissioners, welcomed the Italian visitors to the Glass City d...
High-End Homes: East Grand Rapids mansion preserves its Italian Renaissance style
From the street, the red brick Italian-style mansion at 658 Cambridge Blvd. SE looks nice enough for the well-to-do neighborhood. But there is little to prepare you for the elegant grand hall that fills the heart of this Italian Renaissance mansion. Warm tile floors lead past carved walnut woodwork, built-in niches and hand-painted murals...
SME’s Manufacturing Engineering Media and Italian Trade Agency Partner for Volume IX Edition of Machines Italia Magazine
SME's Manufacturing Engineering Media and the Italian Trade Agency have partnered to produce Volume IX of its digital magazine — Machines Italia. This publication showcases machinery and technology that Italian providers can offer to North American manufacturers, ultimately helping these companies be more successful in the global marketplace. "Thr...
Car show highlights Ferraris, Italian exotics
The La Macchina Moto Bell Car Show II is scheduled for Sept. 14 from 10:30 a.m. to 5 p.m. at RiverWoods golf course Akron. There is no admission fee to view the cars. This is an invitation only car show for registered vehicles. The show will include more than 300 antique cars, classic cars, muscle cars, exotic cars and custom vehicles. ...
USA: VOLUMEC HAS A NEW DISTRIBUTOR IN THE STATES
ROMA, 21 MAR - Volumec (Treviso, Italy) and ERI America (Lake Zurich, Illinois) have entered an exclusive distribution agreement. ERI America will handle the sales and service of Volumec products in the North American market. The Italian company manufactures drilling and tapping equipment, including the high-torque VT/VTS articula...
Westlake shoe repairman celebrated as best cobbler in North America: My Ohio
by Leon Bibb In a little shop in Westlake, Ohio, the hands of Glenn DiMauro seem to never stop. He is surrounded by mountains of shoes of all types. One by one, his hands pick up items which have been on many hundreds of sets of feet. DiMauro is a cobbler of extraordinary ability. So much so, he has been recognized by the Sho...
Michelangelo's David pictured holding rifle in American advert, to Italy's fury
In 1527 his arm was smashed by rioters. In 1991 a man attacked his toe with a hammer. Now, however, Michelangelo's David has suffered arguably his greatest indignity to date. To the horror of many in the Italian cultural establishment, the world-famous marble statue has been pictured in an advertisement cradling not a slingshot but an Amer...
Italian auto supplier invests in West Michigan
by Nick Manes An Italian auto supplier plans to invest in new capacity by adding a West Michigan, MiBiz has learned. INglass Group SpA, a San Polo di Piave, Italy-based supplier of molds for translucent plastic products such as tail light covers, has acquired undeveloped land on 74th Street in Byron Center to build a 105,000-square-fo...