Announced
Financials
Sources
Tags
Pending
metalworking
Majority
Italy
Domestic
Private
Friendly
Acquisition
metal processing
Private Equity
Single Bidder
Metal Fabricating
Synopsis
21 Invest, an investment company, agreed to acquire a majority stake in Aussafer Due, a metalworking firm. Financial terms were not disclosed. “Ausaffer is a local industrial company that mirrors the characteristics of a strong and healthy business of our country. The attention demonstrated by the Citossi Family and their current management through constant innovation, taking care of their customers and suppliers, and above all, never neglecting environmental sustainability, represent a key starting point for 21 Invest, which will share its competencies to create an industrial center of precision metal working,” Alessandro Benetton, 21 Invest Founder and Managing Partner.
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