Download Report

PRESS RELEASE – January 7, 2015 Cyclo Toolmakers, Inc. Acquired by RUPES S.p.A. RUPES S.p.A. is pleased to announce its acquisition of Cyclo Toolmakers of Longmont, CO, producers of the world famous Cyclo Orbital Polisher. RUPES, an Italian manufacturer of electric and pneumatic power tools and vacuum systems, is based in Vermezzo, Italy, a suburb of Milan. RUPES is best known in North America for the introduction of its paradigm changing polishing system, BigFoot. Cyclo Toolmakers, located in Longmont, Colorado, has supplied the auto detailing and airplane polishing segments with its Cyclo dual head polisher for over 60 years. The company manufactures its unique line of polishers in its Colorado facility. This location is slated to become the center of Rupes’ and Cyclo’s operations in North America where the new company will operate as Rupes USA, Inc. Jonathan Kissov, RUPES USA INC. VP Sales & Marketing states: “RUPES is absolutely committed to growing its presence in the North American market. We see tremendous synergies between Cyclo and RUPES and are excited to have Cyclo’s engineering, manufacturing, distribution and support capabilities available to us. We recognize the high quality reputation that the Cyclo brand enjoys across several market segments and promise to work diligently to both honor and improve the status of the brand while leveraging Cyclo’s capabilities to improve RUPES’ service, support and technical levels in North America. We are also looking forward to embracing the international distribution network that Cyclo has developed and working with them to further promote the Cyclo brand internationally.” RUPES has enjoyed tremendous growth in the US and Canadian markets during the past several years. With its BigFoot system of large‐orbit random orbital polishing tools, foam polishing pads and proprietary compounds, RUPES has totally changed the traditional approach to achieving swirl‐
free finishes on vehicles and other painted surfaces. The entire RUPES product offering can be viewed at the RUPES corporate website at www.rupes.com. Cyclo Toolmakers’ website is www.cyclotoolmakers.com. Francesco Ginocchio Marketing &Communication Manager RUPES S.p.A. Headquarter: via Marconi, 3A - 20080 Vermezzo (MI) – Italy - Phone.: +39.02.946941 - Fax: +39.02.94941040
e-mail: [email protected] - web: www.rupes.com
VAT: IT 05094230157 – paid in capital: euro 2.100.000 - C.C.I.A.A. 1163819 – Court of Milan R.I. n. 235348
registered office: via Luigi Majno, 28 – Milan - RAEE: IT08020000000741