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Auxiliaries: Piovan buys Una-Dyn from MANN + HUMMEL

Article-Auxiliaries: Piovan buys Una-Dyn from MANN + HUMMEL

Italian auxiliary supplier The Piovan Group has acquired drying, blending, and material handling equipment supplier Universal Dynamics Inc. (Una-Dyn; Woodbridge, VA) from industrial-filter manufacturer MANN+HUMMEL (Ludwigsburg, Germany). That acquisition now brings Piovan to four global production sites in Italy, Brazil, China, and the U.S.; 750 employees; and a sales volume of euro 125 million expected for 2008.

Una-Dyn has 130 employees and annual revenue of $30 million. Founded in 1957 in Rosslyn, VA as a maker of air-drying equipment, Una-Dyn was purchased in 1995 by MANN + HUMMEL for approximately $12 million.

In a statement, Nicola Piovan, CEO and managing director of the Piovan Group, said “The choice to serve the U.S. market through a local industrial entity having deep roots in the territory and an excellent reputation, testifies and confirms once again our wish to work alongside our clients, a decisive factor for our own innovation and development.”

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