Alfagomma has finalized the acquisition of the British company Kiowa Ltd.
Since being established in 1991, Kiowa has been providing high quality industrial hose and fluid power products as well as on-site services to customers throughout the UK.
Kiowa operates from six locations – Aberdeen, Carlisle, Glasgow, Newcastle, Sleaford and Teesside – and through their e-commerce platform.
With a turnover of GBP 12 million, Kiowa developed long-lasting customer relationships within a wide range of sectors such as agriculture, food, oil, petrochemical, waste handling and offshore.
This strategic acquisition expands Alfagomma’s footprint in UK, where the Group is already present with Argus Fluidhandling and Alfagomma UK.
Kiowa will keep operating in the market under its own brand with the advantage of being now part of a global leading manufacturer, thus providing the customers with a one-stop solution for high quality products and services.
“We are really glad to welcome Kiowa in the Alfagomma Group: we share the same philosophy, including the focus on customer satisfaction and the relentless pursuit of continuous improvement – says Enrico Gennasio, CEO and co-owner of the Group together with his brother Guido – Kiowa will benefit from our strong manufacturing base and this move is a further sign of our relentless pursuit of growth opportunities, even amid the current uncertainties”.