(Alliance News) - Renold PLC on Wednesday said it has bought transmission chain product supplier Ognibene Spa for a total cash consideration of EUR10 million. Bologna, Italy-based Ognibene is a ...

Industrial chain manufacturer Renold, which is the subject of a recommended takeover offer, has bought a long-established Italian counterpart in a deal worth £10m. The international supplier of ...

Earlier this month Renold agreed to be taken over by US-based Morgenthaler Private Equity for a £186.7m fee. Today, Renold, said it has acquired Ognibene S.p.a., founded in 1948 and based in Bologna.