Announced
Financials
Tags
Pending
Automobiles
Acquisition
waste truck
Majority
Private
manufacturing
Friendly
Italy
Single Bidder
Joint Venture
Synopsis
ZÖLLER-KIPPER, a waste solutions company, agreed to acquire a 60% stake in FARID FEG Brivio, the waste truck manufacturer, from the entrepreneur families Orecchia, Mazzini-Martinelli, and Brivio. The founding families will continue to hold stakes in the company, and CEO Marco Orecchia will continue to lead FARID. Financial terms were not disclosed. "With this step, we expand our range of products and services and can serve our customers even faster and more comprehensively with combined forces," Thomas Schmitz, ZOELLER Group CEO.
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