The purchase of the tubing manufacturing company will broaden ARaymond’s product offerings for the truck market and open up new diversification opportunities within some selected industrial sectors, it said.
“The future of the automotive industry will be electric and autonomous vehicles, and we firmly believe that we should actively participate in the mobility of the future and contribute to the shift in the market by meeting customers‘ new and challenging demands,“ said Antoine Raymond, CEO of ARaymond.
“ARaymond is for many years an innovative leading supplier of QCs [quick connectors] and nozzles for all fluid systems, and we will continue to design and produce QCs, invest in R&D and the global production capacity. We have a history of more than 155 years of innovations, and we strive to continuously reinvent ourselves to be ahead of the very rapid technological changes in our market.”
Castello Italia said: “Being a member of the ARaymond network will improve our product offering in the truck and trailer market. It will enlarge our research and development to enable diversification in selected industrial sectors and accompany our customers across borders.”
