Industry Press Releases

OVERMade Srl - ITALY

Thursday, Mar 10, 2016
Pressreleases

At the end of November 2015 Overmeccanica SpA - in temporary operation since September 2014 after entering bankruptcy proceedings - was finally acquired by OVERMade Srl, a new company of Italian investors headed by ex OVER managers.

The exclusive property of OVERMECCANICA’s tangible assets including brand, know-how, references, drawings, patents, stocks, tools and equipment has been transferred to OVERMade Srl, that will continue to supply machinery and services to the paper industry in the track of OVER tradition. With a legacy of more than 400 complete installations implemented worldwide by OVER in its 50-year activity, OverMade Srl will continue to offer original spare parts and services, complete rebuildings as well as paper machines, tissue machines and winders.

The newborn company, officially effective as of December 1st, 2015, will carry on the business from the headquarters of Via Torricelli 25 – Verona, taking over employees who were formerly OVER’s, a team of qualified expertise and proven technical skills.

“If we go five years backwards in the history of OVER,” – comments the President of OverMade, Mr. S. Marocchio - “ we can but consider the step taken a real success to be proud of.

After going through the financial troubles that led OverMeccanica to file a composition agreement in early 2011 and after experiencing the failure on the side of a French Group to conclude the takeover at the end of a 3-year rental agreement, the Management Buyout posed a challenge that called for courage and determination.

Faced with the choice “give up” or “fight”, - continues Mr. Marocchio - we made the decision to go for the second. And indeed we have been struggling hard, convinced that the wealth of knowledge left from the past was well worth being preserved. Now we are ready to start this venture focused on the customer needs and prepared to partner with our clients of today and our clients of the future. We are pretty sure that the business model we have developed and the way we have organized the company will help streamline all the processes and increase our ability to offer valuable solutions while staying competitive. The whole paper industry will benefit from our know-how and new approach”.

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