In a deal involving two Italian makers of film machinery for packaging, Gruppo Colines Holding has purchased Torninova Corp.
The two companies are major manufacturers of equipment to extrude and bubble wrap: Colines since the early 1970s and Torninova since the 1990s. Both brands operate all over the world.
Terms of the deal, announced March 15, were not disclosed.
Colines, based in Novara, Italy, also makes both blown and cast film equipment, for producing stretch film and barrier film, extrusion coating, and making film for baby diapers, sanitary napkins, panty liners and sportswear. The breathable film finds its application also in the building industry. Colines also builds lines for making magnetic gaskets for refrigerators and freezers.
Colines was founded in 1973, and that same year, produced its first inline bubble-wrap line. It is scheduled to attend K 2016 in Düsseldorf, Germany, at Hall 16, booth A39.
Torninova is based in Perugia, Italy. In addition to air-bubble machines, the company also builds extrusion lines for making stretch film, flexographic printing equipment, converting machines and lines for masterbatch and compounding.
Torninova was founded in 1969.
Air bubble film made by the coextrusion process gives the wrap better barrier properties, so the packaging retains air better, according to the companies.
In a statement announcing the deal, Gruppo Colines President and CEO Eraldo Peccetti called it “a perfect combination and substantial synergy” between the two companies.
