Bonomi arrives in the US
Perin Machining Company acquired. Aldo Bonomi: ‘A decisive step towards manufacturing across the Atlantic whilst avoiding tariffs’
“The company is small, but this is a crucial first step towards starting production on the other side of the Atlantic, as we have been planning to do for some time, even setting aside Trump’s tariffs.”
Aldo Bonomi, who, together with his brother Carlo, heads the Bonomi Group, has announced the acquisition in the US of Perin Machining Company, a firm based in Webster City, Iowa (USA), through its subsidiary Bonomi North America, Inc.
"This operation," explains the Brescia-based taps and valves group in a statement, "forms part of its strategy for international growth and consolidation."
Perin Machining Company specialises in the precision machining of turned and machined metal components, but the key factor is its location, which enables it to avoid the impact of tariffs on products manufactured across the Atlantic. Given the specific additional costs associated with steel and copper components, these tariffs reach decidedly significant levels.
“On some of our products, the tariffs amount to as much as a 50 per cent mark-up,” explains the entrepreneur, “whilst on others it is 25 per cent. In effect, under these conditions, we are out of the market. Admittedly, so far the impact has mainly been felt by importers and end customers; we have only reduced our prices by a few percentage points. But clearly, it is a detrimental situation. It affects a market that is crucial for us, generating over 100 million in revenue, out of a total of 400 at group level.”
