Aldo Bonomi, who, together with his brother Carlo, heads the Bonomi Group, has announced the acquisition of Perin Machining Company, a firm based in Webster City, Iowa, through its subsidiary Bonomi North America, Inc.

“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," said Bonomi Group in a statement.

Perin Machining Company is a precision machining manufacturer specializing in turned and machined metal components. Because production takes place at its U.S. facility, the company is insulated from tariffs applied to goods imported from Europe. This is especially beneficial for products containing steel and copper, where tariff-related costs can become substantial.

“On some of our products, the tariffs amount to as much as a 50% mark-up, whilst on others it is 25%," said Bonomi. "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.”

Bonomi Group has completed an extensive search process in the United States, marking the end of a long-running effort. However, the company has not ruled out pursuing additional opportunities in the future.

“At the moment, we are obviously focused on getting this operation off the ground, assessing which investments to make and which initiatives to implement," said Bonomi. "However, we are not ruling out looking further ahead either, because the U.S. market is crucial for us.”

Note: Quotes have been translated from Italian