Stockholders of the family-owned hay equipment company Tonutti Group SpA have sold a 50% stake to fellow Italian concern Progroup, which in the agricultural sector specializes in crop protection, tillage and vegetation control machinery.
In a statement, the presidents of the two concerns — Carlo Tonutti and Luigi Blasi — point out that bringing the two concerns together creates a business with a wider and more diverse product range, as well as new distribution opportunities.
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