ILPRA acquires 70% stake in Treviso-based firm I.P.T.
ILPRA (ILP:MI), a Pavia-based company operating in the field of packaging machinery for food, cosmetics and medical products, has completed the acquisition of a 70% interest in I.P.T. S.r.l. from ILPRA’s subsidiary Unimec.
Founded in 2000 and headquartered in San Vendemiano (TV), I.P.T. has almost twenty years of experience as a specialist commercial intermediary in the field of industrial packaging machinery.
In 2018 the company posted revenue of around €1.3 million, an EBITDA of approximately €136,000 and a net negative financial position (cashflow) in the region of €202,000.
Maurizio Bertocco, Chairman and CEO of ILPRA, commented: “The acquisition is part of our external growth strategy and aims to expand the potential range of new customers to whom we can offer technological solutions and packaging machinery.” The €350,000 figure for the acquisition was paid entirely in cash.