• Leigh Morrison and Dardanio Manuli

    Manuli Rubber Industries Acquires RYCO Hydraulics

    Feb. 3, 2020
    The merged company will be an industry leader in hydraulic hose and fittings.
    Related To:

    Manuli Rubber Industries (MRI), headquartered in Milan, just announced it has acquired a majority shareholder position in RYCO Hydraulics Pty Ltd (RYCO), headquartered in Melbourne. MRI will merge its Manuli Hydraulics and Fluiconnecto divisions with RYCO to create a hydraulics company with a wider range of products and a global network of services and supplies for customers of both companies.

    The combined business will have sales approaching €500 million ($820 million Australian) and be a global leader in the hydraulic hose and fittings industry servicing a broad range of market sectors. MRI, founded in 1935, and RYCO founded in 1946, together have more than 4,500 employees.

    “This transaction captures the full benefit of combining complementary product ranges, engineering and innovation capabilities, a strategically located manufacturing footprint and a truly global market reach,” says MRI Chief Executive Officer Dardanio Manuli. “We are excited about the potential benefits and growth opportunities that will result from the best of what MRI and RYCO bring to the market.

    To announce the acquisition, Leigh Morrison of RYCO Hydraulics (left) stands with Dardanio Manuli of Manuli Rubber Industries.
    To announce the acquisition, Leigh Morrison of RYCO Hydraulics (left) stands with Dardanio Manuli of Manuli Rubber Industries.

    “Both MRI and RYCO are family owned and run private companies with similar cultures and a shared commitment to remaining agile, responsive and customer-focused,” says RYCO Chief Executive Officer Leigh Morrison “This merger creates benefits greater than either company could achieve alone.”

    MRI operates through two divisions: Manuli Hydraulics (design and manufacture) and Fluiconnecto (distribution and service). The Manuli, Fluiconnecto and RYCO brands will be retained, and each company will continue to operate through existing channels to market, with the ability to access both product and distribution capabilities.

    Leigh Morrison will continue in his role as RYCO CEO and be invited to join the MRI board. A new RYCO board has been constituted with MRI representation.

    About the Author

    Stephen Mraz

    Steve serves as Senior Editor of Machine Design. He has 23 years of service and has a B.S. Biomedical Engineering from Steve was a Flight officer in the U.S. Navy. He is currently responsible for areas such as aerospace and medical.

    Continue Reading

    Oct. 5, 2022
    Through mergers and acquisitions, companies have the opportunity innovate faster and serve new markets.
    Jan. 13, 2020
    The goal is to match kinetic energy of the press to the work required. It’s seldom quite that simple.

    Sponsored Recommendations

    Feb. 6, 2024
    Newcomers to medical device design may think pressure and flow rate are sufficient parameters whenselecting a pump. While this may be true in some industrial applications, medical...
    Feb. 6, 2024
    Variable volume pumps, also known as precision dispense pumps, are a positive displacement pump that operates by retracting a piston to aspirate a fluid and then extending the...
    Feb. 6, 2024
    Acheck valve, a non-return or one-way valve, is a mechanical device that allows a gas or liquid to flow freely in one direction while preventing reverse flow in the opposite ...
    Feb. 6, 2024
    Engineers tasked with managing fluid flow talk about both holes and calibrated orifices, but they are two distinct entities. A hole can be any opening, but a calibrated orifice...