Tiruña and Fosber joint future

The owners of Pamplona, Spain-based Tiruña Industrial Group (TGI) and Lucca, Italy-based Fosber Group, have jointly confirmed that they have now completed a shareholding deal. The deal centers around Fosber acquiring shares in TGI; as a result, Fosber is now holding the 70% of the shares in the Spanish company. Established in 1921, TGI is about to celebrate 100 year of business.

All the interested parties are fully committed that Tiruña’s existing policies and business organizations will remain totally unchanged, operating under the same name Tiruna S.L. and guaranteeing that all customers will continue to receive all business and services as usual. Tiruña’s corrugating rolls will continue to be 100% produced, manufactured and serviced from either Europe and USA, in exactly the same way as before the deal.

“We are glad to have the deal ratified,” confirms José M. Guibert, TGI President and Tiruña´s Managing Director. “It is an exciting time for us, as we become a member of the Fosber family. We very much look forward to the future, esepcially as we prepare to enter our 100th year of business in 2021. This is an excellent strategic move for the development of Tiruña, as growth over the last five years or more has partially been attributed to the strong orders received from Fosber for the supply of corrugating rolls for their growing number of complete corrugators being installed around the world,” states Guibert. “We have earned a strong reputation from the market for not only supplying the highest quality of finished goods, but also for the exceptional levels of service and support. This will only be enhanced from now, as it is very much ‘business as usual’ for us and our growing customer base around the world.”

“It is a great step for us, as we now bring into our Group one of the premier suppliers of corrugating rolls" says Massimiliano Bianchi, President and Managing Director, Fosber Group “As two companies, we have been aligned for many years,” states Bianchi. “Our wholly owned subsidiary, Fosber America, has been a partner with Tiruña in the Tiruña America business, based in Green Bay, Wisconsin for many years. This shareholding acquisition brings the two companies, who share a common customer base, closer together, allowing for continuing growth, as well as securing the supply of excellent rolls quality that we need for Fosber’s ongoing activities. We welcome the entire team at Tiruña into the Fosber family and look forward to extending our mutual collaborations”.

TIRUÑA WEBSITE: https://www.tiruna.com/

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