By Mauro Belo Schneider
HydraForce has signed an agreement to acquire 100% of its Brazilian subsidiary Hydraulic Designers. The transaction is expected to close in the second quarter. No financial details were provided.
Headquartered in Taboão da Serra city, São Paulo state, Hydraulic Designers was established in 2000 and has collaborated with HydraForce on the design and manufacture of hydraulic manifolds for the last 15 years.
“The integration of both companies is a natural evolution of the relationship built along the years,” said Jim Brizzolara, president and CEO of HydraForce told Hydraulic Designers owners, Aldo Bisson and Mauro Mançano, and the company’s employees. “We are very proud to have our brand represented excellently by you and we are lucky to expand this partnership.”
Brizzolara said HydraForce will invest in the Hydraulic Designers to increase HydraForce’s presence in Brazil and in South America. “Our practices of design and quality have led us to the globalization of our services and having the support of the local engineering team will accelerate the distribution of HydraForce products in Brazil and throughout the world,” said Brizzolara. “I want to make sure that this will be a mild transition.
“It has total support of both directors of the companies, keeping the independency of the business’ management, the focus in technical solutions and innovations to better attend market demands.”