Rupes Aquires Cyclo Toolmakers

I'm wondering who can confirm this I just saw this come up.

RUPES S.p.A. has announced its acquisition of Longmont's Cyclo Toolmaker, producers of the Cyclo Orbital Polisher.
RUPES is an Italian manufacturer of electric and pneumatic power tools and vacuum systems and is known in North America for its BigFoot polishing system.

Cyclo Toolmakers has supplied the auto detailing and airplane polishing segments with its Cyclo dual head polisher for more than 60 years. Cyclo's Longmont facility is slated to become the center of Rupes' and Cyclo's operations in North America, where the new company will operate as Rupes USA, Inc.
"RUPES is absolutely committed to growing its presence in the North American market. We see synergies between Cyclo and RUPES and are excited to have Cyclo's engineering, manufacturing, distribution and support capabilities available to us," Jonathan Kissov, RUPES USA Inc. vice president of sales and marketing said in a press release.

"We are also looking forward to embracing the international distribution network that Cyclo has developed and working with them to further promote the Cyclo brand internationally."
With its BigFoot system of large-orbit random orbital polishing tools, RUPES says it has "changed the traditional approach to achieving swirl-free finishes on vehicles and other painted surfaces."


http://www.timescall.com/business/ci_27268662/longmonts-cyclo-toolmakers-acquired-by-italys-rupes

 

Seems legit, didn't see that coming.

 

it's legit, it was officially announced via Rupes and Cyclo this morning.

 

Cool sounds like a very good thing .