Two months have passed since Marangoni Meccanica changed hands. The company exited the Marangoni Group with €10m (US$11m) recapitalization from local partners, Finanziaria Trentina, Alpenring, a financial company from South Tyrol, and Caran.
“It has been two intense months in which company processes have been brought back up to speed to satisfy a series of orders from big tire companies from all over the world,” said president Giorgio Marangoni.
The new partners and the new board of directors (Giorgio Marangoni, Massimo Fedrizzi, CEO of La Finanziaria Trentina and Philipp Oberrauch) have rolled up their sleeves immediately and have taken steps to start from the beginning.
“This meant fulfilling previous commitments, reactivating relations with banks and suppliers, reassuring the workers about the seriousness of the industrial project, and starting again quickly without wasting more time, because customers are our primary focus,” Oberrauch explained.
“Marangoni Meccanica has a very unique financial cycle that does not require large amounts of capital, but which requires continuous assistance from the banks for advancements and performance guarantees. The wind is changing and we have managed to reactivate some relationships with banks of primary national standing and with a South Tyrolean bank; now we await the others,” said Fedrizzi.
Marangoni added, “The circle closed on August 20, just 60 days after the recapitalization, with the enlargement of the council in which valuable local industrial skills and a third figure, identified by the shareholders and to whom it was entrusted, entered the operational guide and the development of the company, given its international experience.”
The Marangoni Meccanica board of directors has grown to seven members and was joined by Antonello Briosi, president of Metalsistem, a leading company in automated industrial shelving, which exports its products all over the world; Enzo Paoli, president and CEO of Karl Mayer Rotal, part of the Kalr Mayer Group, a constructor of textile machinery; and Giorgio Oss Papot, an entrepreneur from Vallagarina.
Fedrizzi commented, “We are relying on Riccardo Mastronardi (pictured) with his managerial experience, who has previously worked at McKinsey and spent many years in China driving the Piaggio plant, to definitively relaunch the company.”
“We have known each other for a short time, but we immediately appreciated his clear and independent vision, typical of a manager, which has already enabled him to lead businesses in worldwide markets,” continued Oberrauch.
“I am honored by the trust shown to me by the new members, who have entrusted me with the management of a historic and glorious company such as Marangoni Meccanica. I am extremely confident and proud to be part of the company at the start of this new course,” said Mastronardi.
“I have already had the chance to experience first-hand the passion, the obsession for quality, and the excellent level of skills of the people who work here. I am convinced that the key to the company’s success lies with the people and in their ability to work as a true team, where the key objective for all, is the satisfaction of our customers and the success of the company.”