Villongo, Italy – The Argomm group of companies has acquired the Thai-based RPS Technologies Ltd and the US-based RPS Technologies Inc from the Asian private equity concern Navis Capital Partners, Argomm has announced in a news release.
Argomm is a Tier 2 manufacturer of seals, plastic components (K-2K-3K) and plastoferrites for the automotive industry and industrial applications, with seven plants in Italy, Romania, Spain and Thailand, a design competence centre in Germany and a distribution facility in the US.
In 2013, consolidated turnover was €65m. The group employs 650 people in Europe, Asia and the Americas.
Argomm CEO Ercole Galizzi said: “Acquiring RPS Technologies’ manufacturing plant in greater Bangkok, and distribution facility in Dayton, Ohio, will enhance our global footprint. Both Argomm and RPS customers will benefit from a long-term investment perspective, an integrated product portfolio, commercial synergies and a shared business model.”
