Announced
Financials
Sources
Tags
Private
Acquisition
Italy
Private Equity
logistics services
Transportation Services
transportation services
Single Bidder
Synopsis
Progressio’s Garda Plast, an Italy-based producer of plastic bottles, has sold its transportation and logistics activities to domestic transport group Gruber Logistics, in order to concentrate on its core activities. Financial terms were not disclosed. Gruber, based in Ora, generates a €340m turnover and operates facilities in 24 locations in Asia and Europe. The acquisition saw the two parties agree on the long-term ambitions of the transportation.
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