SITI - B&T Group S.p.A. acquired Ancora Spa.
February 18, 2015 at 11:00 pm EST
SITI - B&T Group S.p.A. acquired Ancora Spa on February 19, 2015. SITI B&T has also acquired the Spanish and Brazilian branches and the subsidiaries Cimas and HiCoat Coating System. Business continuity and successful integration with SITI B&T will be ensured by Ancora's outgoing Chairman Mario Corradini, who will stay on as a Board Member and as Head of technical development at Ancora, and Franco Ponsone, a Partner and Manager who will serve as Managing Director of Ancora. Ancora generates a turnover of around 23 million.
SITI - B&T Group S.p.A. completed the acquisition of Ancora Spa on February 19, 2015.