GEA acquires Italian equipment producer Imaforni
Imaforni shareholders and GEA have signed an agreement for the acquisition of Imaforni. This company is complementary to GEA’s recent acquisition of Comas and will complement the cake and pastry operations of the application center bakery with industrial biscuit lines.
This acquisition is another step towards realizing the GEA 2020 target footprint with a stronger focus on applications for the bakery industry and to improve GEA’s leading position in advanced process technology for the food industry.
The Italian essence of Imaforni will continue to be a fundamental asset and the acquisition will not entail any relocation of the plants of Imaforni, nor any discontinuity in the management of Imaforni and in the relationship with current employees.
“We selected GEA as purchaser of our company with a view to reach a strategic overlap of the relevant businesses and to ensure the growth of Imaforni in the future”, commented the shareholders Pierluigi Castello, Nadia Castello and Ugo Bademer.
Imaforni’s product portfolio ranges from full line solutions for industrial production of hard biscuits and crackers over extruded and deposited biscuits to rotary moulded biscuits.
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