Renold Plc acquires Italian chain manufacturer Ognibene in €10 million deal
BOLOGNA Renold plc, a leading global supplier of industrial chains and power transmission products, has acquired Italian chain manufacturer Ognibene S.p.A. for €10 million in cash, the company announced Tuesday. The acquisition strengthens Renold’s presence in Southern Europe and expands its manufacturing capabilities in the transmission chain market. Ognibene, founded in 1948 and based in…