Koike Aronson, Inc./Ransome, a subsidiary of Koike Sanso Kogyo of Tokyo, Japan, has purchased the majority of shares of Biondi Maquinas, Dispositivos E Ferramentas LTDA of Jaboticabal, Brazil.
Biondi Maquinas is a manufacturer of welding positioners and similar equipment. The new company is named Koike Aronson -- Biondi Maquinas, Dispositivos E Ferramentas Do Brazil, LTDA. The current owners of Biondi, Nelson Biondi and Evandro Faccio, will remain with the company, with Biondi retaining a minority holding.
A new facility is planned to be built in Jaboticabal to accommodate the growing demand for both Koike and Biondi products in Brazil.
Jerry Leary, Koike’s President and CEO, said, “This is a great opportunity for us to further develop our business in the fast-growing Brazilian marketplace.”