Manuli Fluiconnecto Holding announces a new joint venture in Colombia with Man-Par Group.

(Rotterdam, September, 15th 2015) Fluiconnecto by Manuli, a division of Manuli Rubber Industries (MRI), announces the acquisition of 35% of the shares of the Man-Par Group of companies with operations in Colombia.

Fluiconnecto will actively contribute to managing the local operations.

Man-Par, with projected $8 billion Colombian Pesos sales in 2015, is focused on providing replacement industrial & hydraulic parts and services to Mining, Oil&Gas, Construction, Agriculture, Transport and Industrial markets in Colombia through a network of 4 hydroshops and 6 on-site workshops.

Man-Par, with more than 25 years' experience, is a recognized market leader in most of the markets where it operates. Man-Par ensures to its customers the best quality products & services, adapting them to the local market conditions. The team of highly qualified and trained technicians provides added value to its customers through technical assistance and services, such as inspections and preventative maintenance. The onsite services are supported by field infrastructure such as fully equipped vans and containers, allowing for proximity with the customer.

Fluiconnecto by Manuli, is a leading international service organization, focused on high pressure fluid connectors, providing products and application knowledge, as well as maintenance services to all market segments, through a global network tailored to local conditions. Following this acquisition Fluiconnecto by Manuli, already market leader in high quality maintenance services in Argentina and Peru, will enhance its position as the leading service provider throughout South America.

With Man-Par on board, Fluiconnecto By Manuli Group will now operate a network of almost 140 fully owned hydroshops and almost 110 on-site workshops in South America, Europe, the Middle East, Africa and the Asia Pacific region.

For more information, please visit MRI's website and Man-Par's website.