Tmb sells the Grimeca brand

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CEREGNANO (RO) – Thursday 21 May Tmb Spa sold the brand “G Grimeca” and its participation in Grimeca Srl to Endurance Adler Spa, a company controlled by Endurance Overseas Srl, an Italian industrial holding belonging to the Endurance Technologies Limited Group, India.

The transaction allows for Endurance Adler Spa to integrate the development of brake systems for motorcycles with possible wide-spread applications.

Thanks to the important presence on the market of the Endurance Group, the prestigious history of the “G Grimeca” brand will find new momentum and international diffusion.

Tmb Spa will further strengthen its history core business precision mechanical machining on aluminum components with the casting of the articles themselves, in diecasting, in gravity or in low pressure, with molds, equipment and tools, designed and manufactured in factories in Ceregnano (Ro) and Monselice (Pd).

Tmb Spa will continue to license the production of components for brake systems, so as to guarantee the current important customers the continuity of supply until “phase-out”Of the products.

The transaction does not entail for Tmb Spa. The divestment of company production branches, nor the transfer of workers or the sacrifice of revenues; the latter, however, registered a counter trend in the sector significant increase also in the first quarter of the year and until the outbreak of the Covid-19 pandemic.





Source link
https://www.rovigooggi.it/n/99399/2020-05-23/tmb-cede-il-marchio-grimeca

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