KDT Machinery Co. to acquire 75% of Masterwood

Published on : Tuesday, February 13, 2018

masterwoodThe transaction, finalized in these hours, was concluded in the late evening of Friday February 9.

 

The new Board of Directors will be composed of a Chinese representative, a representative of an Italian professional firm and Giancarlo Muti, who will remain in the position of managing director.

 

The technical production facilities, as the Masterwood management will remain unchanged.

 

“Our first thought was to keep the employment and the Italian technology” – explains Muti.

 

“This operation gives us the opportunity to reach a more international dimension allowing us to compete more effectively with the major players. We needed a dimensional and commercial leap to respond to the challenges of an increasingly globalized market. This marriage will greatly facilitate us not only in the markets where we are present today but on the difficult and potentially huge market of South East Asia, the headquarters will remain in Rimini. ” Muti concluded.

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