Italmatic – Tesco Of America Joint Venture Announcement

Cassina de’ Pecchi, September 12th 2013

Italmatic Group, a private, italian Tire related equipment and consumables Manufacturer, operating worldwide, is pleased to announce that it has entered into a Joint Venture (JV) with Tesco of America Inc., a leading Company in the automotive and tire industries in North America. The new Joint Venture will be renamed as Tesco- Italmatic LLC, with Headquarters in Oakland Park, FL, USA. This partnership focuses on making a strong statement for the distribution of Italmatic products in the North, Central and South American regions with a thorough world class portfolio, offering a wide and complete range of products and services.

In welcoming the Joint Venture, both Mr. Daniel Zeledon, owner of Tesco of America Inc. and Mr. Massimo Ghitturi, CEO of Italmatic Group pointed out that this Joint Venture further enhances the footprint in these key, strategic regions. The Quality of the products and a well recognized Italmatic Brand name will only strengthen the Service, Support and Sales that will ensure the position for further growth in these dynamic and growing economic regions. There are many synergies between the two companies since Tesco is known for its service, quality of products offered and its technical support in all the Americas. As well , Italmatic brings its Innovative Quality minded equipment, service and product knowledge that is geared towards total customer satisfaction.