The Italian government rejected bids for Turin-based injection press maker Sandretto Industrie srl - the second time all bids were rejected.
Sandretto's government-appointed commisar, Piercarlo Castagnetti, said he will talk to bidders about how they might improve their offers. The government rejected the bids on Nov. 29 and the deadline for new bids is Dec. 20.
Sandretto has been operating under Italian government control since last year, when Taylor's Industrial Services LLC asked an Italian court to place the company under protection from its creditors. Taylor's, of Tinton Falls, N.J., also owns .S. injection press maker HPM.
Sandretto got several bids in September, but the Italian government rejected them.
The Nov. 29 decision rejected the second round of bids, which were due Nov. 20.
One bidder was Billion SA, an Oyonnax, France-based injection molding press manufacturer.
According to Italian press reports, the other bidders were Cattaneo Presse International SpA, a company in Bergamo, Italy, that makes metal stamping presses; and machine-tool maker Industrias Nardini SA of Sao Paulo, Brazil. Nardini bought Sandretto's factory near Sao Paulo earlier this year.
