OMG: Purchase of Xaloy’s European business

Italian screw system supplier OMG has acquired the European arm of screw and barrel manufacturer Xaloy. Xaloy parent company the Saurer Group of Switzerland announced the sale yesterday at an undisclosed price. A spokeswoman said the sale was made at “book value” and the company did not lose money on the deal. Xaloy has 183 employees and sales of around Euro 19m in Europe. It operates two manufacturing plants in Olten, Switzerland, and Brno in the Czech Republic. The new group will be named Bernex Bimetall and will include OMG facilities in Italy.

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