Astraco completed the acquisition of a majority stake in Crippa.

Astraco, an independent advisory firm, completed the acquisition of a majority stake in Crippa, a provider of advanced technological solutions for tube forming and bending. Financial terms were not disclosed. “I am convinced that the operation organized by Astraco and strongly wished for by the entire Crippa family can represent an important turning point for the future of our company. It was a hard decision up to the last moment, but the human and professional feeling established with the entire work group gave us the necessary confidence and trust so as to finalize such an important transition together with the new investors,” Aurelio Crippa, Crippa Honorary Chairman.