{"id":77002,"date":"2022-09-20T09:00:49","date_gmt":"2022-09-20T07:00:49","guid":{"rendered":"https:\/\/www.converter.it\/?p=77002"},"modified":"2022-09-20T11:14:10","modified_gmt":"2022-09-20T09:14:10","slug":"tiruna-deal-completed-as-fosber-acquires-the-remaining-shares","status":"publish","type":"post","link":"https:\/\/www.converter.it\/en\/tiruna-deal-completed-as-fosber-acquires-the-remaining-shares\/","title":{"rendered":"Tiru\u00f1a deal completed as Fosber acquires the remaining shares\u00a0"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-76990\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-tiruna.jpg\" alt=\"\" width=\"283\" height=\"283\" srcset=\"https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-tiruna.jpg 283w, https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-tiruna-150x150.jpg 150w\" sizes=\"auto, (max-width: 283px) 100vw, 283px\" \/>The shareholders of both <strong>Tiru\u00f1a Grupo Industrial<\/strong> (TGI) of Pamplona, Spain and the <strong>Fosber Group<\/strong>, based in Lucca, Italy have jointly confirmed that they have now formally completed the take-over deal originally signed in 2019.\u00a0 The original agreement centred around the acquisition of 70% of the shares in the Spanish company, with a call option to purchase the remaining 30% shares after the initial three year period.<\/p>\n<p>Therefore on July 26<sup>th<\/sup> 2022 Guangdong DongFang Precision Science &amp; Technology Co., Ltd. has now acquired the remaining shares in the Spanish company Tiru\u00f1a through its wholly-owned subsidiary Fosber SpA, under the terms of the original purchase agreement made in 2019. Fosber has now officially become the 100% owner of Tiru\u00f1a.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-76992 alignleft\" src=\"https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-Tirun\u0303a_Building-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-Tirun\u0303a_Building-300x300.jpg 300w, https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-Tirun\u0303a_Building-150x150.jpg 150w, https:\/\/www.converter.it\/wp-content\/uploads\/2022\/09\/Fosber-Tirun\u0303a_Building.jpg 397w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>\u201c<em>This is a strategic move for the success of Fosber Group<\/em>: t<em>he corrugating rolls produced by Tiru\u00f1a are one of the core and indispensable components of both Fosber and Quantum production lines. This agreement brings the two companies, who share a common customer base, much closer together<\/em>,<em> laying the base for continuing growth. This acquisition, coupled with our plans for expansion through investment in new machinery, technology and production capabilities, secures the supply of top-quality corrugator rolls that our wider group needs for its ongoing activities\u201d, <strong>declares <a href=\"https:\/\/www.converter.it\/en\/fosber-s-p-a-officially-announces-marco-bertola-as-the-new-ceo-of-the-fosber-group\/\" target=\"_blank\" rel=\"noopener\">Marco Bertola<\/a>, CEO at Fosber.<\/strong><\/em><\/p>\n<p>With the acquisition of the remaining shares of the Spanish company, the Fosber Group would like to take the opportunity to announce the imminent retirement of Jose Miguel Guibert, the former Managing Director of Tiru\u00f1a. \u201c<em>We would like to thank Jose for his leadership, strategic vision and impact he made for over three decades working within the company. He has played a significant role in transforming the company from a local regional supplier to a worldwide leading provider of corrugating rolls<\/em>\u201d, concludes Bertola.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shareholders of both Tiru\u00f1a Grupo Industrial (TGI) of Pamplona, Spain and the Fosber Group, based in Lucca, Italy have jointly confirmed that they have now formally completed the take-over deal originally signed in 2019.\u00a0 The original agreement centred around the acquisition of 70% of the shares in the Spanish company, with a call option [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":76992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[456,550,481,476],"tags":[],"class_list":{"0":"post-77002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-converter-cartotecnica","8":"category-converting-technologies-en","9":"category-corrugated-cardboard","10":"category-industry-news-converter-cartotecnica"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Acquisition agreement Tiru\u00f1a Grupo Industrial (TGI) Fosber Group<\/title>\n<meta name=\"description\" content=\"Tiru\u00f1a Grupo Industrial (TGI) and Fosber Group, have now formally completed the take-over deal originally signed in 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, 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