MANULI ACQUIRES RYCO HYDRAULICS

Highlights:

• Manuli Rubber Industries acquired majority shareholder positions in RYCO Hydraulics Pty Ltd. (RYCO).
• Together the companies have 4,500 employees.
• The combined business will rule the market with sales worth €500 million which is equivalent to $820 million Australian.

Manuli Rubber Industries (MRI) acquired the majority shares of RYCO Hydraulics Pty Ltd. ....