Fonderie Mora Gavardo joined the Camozzi Group

October 27 2011

The Company in Brescia joined the Camozzi Manufacturing Division.

Fonderie Mora Gavardo is pleased to announce that Camozzi Group has entered into the Company capital as main stockholder starting from October 2011, thus launching a major recovery plan of the company.
In order to acquire the company from the Partnership Voluntary Arrangement procedure, the shareholders have approved and subscribed a 4 million € capital stock, which has contextually transformed the company into a joint-stock company.

Following up this increase in capital, the new company's capital structure is constituted by Camozzi Group, by Mr Marco Salmini’s Cersal S.r.l. and by Mr Gian Paolo Mora.

With its 60,000 square meters area, 25,000 of which are covered, and with a potential production of over 26,000 tons / year, Fonderie Mora Gavardo represents one of the main international companies which are specialized in the production of large castings (up to 120 tons / each). Through its over 65 years of experience, the company has developed a unique heritage of technological and process know-how to serve Italian and worldwide heavy industry leading companies at its best.

The entry of Fonderie Mora Gavardo into the Camozzi Group marks an important step on the road towards development and vertical integration.
The company will have the opportunity to exploit synergies and to share the know-how of the whole Group and it will be thus encouraged to achieve important growth targets.

Fonderie Mora Gavardo management will be glad to present soon the innovation and development project that is going to bring the company, in the near future, among the worldwide leading companies of the sector.

PRESS RELEASE - 27.10.2011