Italian engineering firm buys Bettendorf's Riverside Products


Share
Posted Online: April 18, 2013, 5:48 pm
Comment on this story | Print this story | Email this story
Italian steel and engineering company Danieli & C Officine Meccaniche S.p.A. has taken over Riverside Products Inc. with a share buyout, including Riverside's Bettendorf plant and satellite operations in the United Kingdom and China.

The name will be Danieli RiversideProducts.

Danieli is one of the world's largest privately controlled integrated engineering and manufacturing groups.

Riverside Products has been an active supplier of highly engineered rotors and wear parts to the worldwide metals recycling industry for more than 50 years, said Emanuele Brusini, executive vice president of Danieli. "The reputation for engineering excellence held by Riverside Products was a key driver behind this acquisition."

For more information, visit www.riversideproducts.com.

















 



Local events heading








  Today is Thursday, July 31, the 212th day of 2014. There are 153 days left in the year.

1864 -- 150 years ago: A corps of surgeons now occupies the new hospital quarters at the Garrison Hospital on the Rock Island Arsenal. A fence has been installed to enclose the prison hospital.
1889 -- 125 years ago: B. Winter has let a contract to Christ Schreiner for a two story brick building with a double store front on the south side of 3rd Avenue just west of 17th Street. The estimated cost was $4,500.
1914 -- 100 years ago: Germany sent simultaneous ultimatums to Russia and France, demanding that Russia suspend mobilization within 12 hours and demanding that France inform Germany within 18 hours. In the case of war between Germany and Russia, France would remain neutral.
1939 -- 75 years ago: Civil service offices at the post office and the Rock Island Arsenal were swamped as more than 700 youths sought 15 machinist apprenticeships at the Arsenal.
1964 -- 50 years ago: Last night, American Legion Post 246 in Moline figuratively handed over the trousers to a female ex-Marine and petticoat rule began. Olga Swanson, of Moline, was installed as the first woman commander of the post .
1989 -- 25 years ago: The Illinois Quad City Civic Center captured the excitement and interest of a convention of auditorium managers this weekend in Reno, Nev. Bill Adams, civic center authority chairman, said the 10,000-seat arena planned for downtown Moline has caught the eye of construction firms, suppliers, management teams and concession groups.








(More History)