Gruppo Saviola to acquire Advachem.

Gruppo Saviola, an Italian wood processing company, agreed to acquire Advachem, a chemical company. Financial terms were not disclosed. "We are satisfied with this result, the result of a profitable agreement between our two companies. For us, it is another decisive step towards internationalization and the implementation of a green and sustainable model also in the chemical sector with quality, efficient products where the R&D sector and high technology ensure processes and products that respect man and the environment. We chose Advachem because it is about a family-run, well-managed company and we think it will be able to strengthen the integration of the Sadepan system within the Saviola model," Alessandro Saviola, Saviola President.