As part of the Group’s network development strategy, Rubix has acquired Parma-headquartered Casa del Cuscinetto Petean S.p.A. to strengthen its presence in the Emilia Romagna region of Italy.

Founded in 1950, the business is a specialist distributor of power transmission products including bearings, linear and pneumatic components, belts and chains, conveyor components and plastics, gearboxes and electric motors and seals. Its customers also benefit from a range of customisation services.

The business has 26 employees and will deliver c.€10m of sales for 2021.

Current managing director Paolo Petean will remain with the business to oversee a smooth transition while Paolo’s daughter, Anna Petean, will remain with Rubix in her current role.

Marco Minetti, CEO of Rubix in Italy, said: “Petean is a well-established business with an excellent reputation in the market. The team will expand our presence in the region and builds on our existing power transmission specialism. I’m delighted to welcome my new colleagues to Rubix.”

Paolo added: “Seventy-one years after my father founded the business, it’s time for the next phase. Rubix has a track record of looking after the legacies of the companies it brings into the Group, and supporting their growth into the future. I’m happy to be passing it into very capable hands.”