Announced
Financials
Tags
Acquisition
Single Bidder
Friendly
Italy
Private Equity
Private
Pending
building materials
Building Materials: Other
Majority
Domestic
Synopsis
Vandewiele, a company that develops, builds, assembles and installs carpet, velvet weaving machines, agreed to acquire Savio Group, a company operating in the yarn finishing sector, from Alpha, a private equity firm. Financial terms were not disclosed. “We are extremely proud to welcome the Savio Group with its strong tradition and technology in our Group. The joining of our technological capabilities, R&D and industrial operations will allow us to grow strongly in the next few years," Charles Beauduin, Vandewiele CEO.
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