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IPCO Acquires Extruwork SRL

Source: www.gulfoilandgas.com 7/18/2019, Location: Europe

IPCO has acquired the Italian company Extruwork SRL, a manufacturer of extruder lines for powder paint. Core capabilities are within design, production, service and spare parts supply. Extruwork SRL has high technical reputation and knowledge of powder coating, including over 300 reference installations worldwide.

The acquisition further strengthens IPCO’s position in the Powder Paint segment. All key individuals are intended to be transferred to IPCO’s Italian operations outside Milan, Italy.

“The acquisition is in line with IPCO’s long-term strategy for profitable growth. Extruwork is a perfect fit in our portfolio given their product range and our cooperation agreement since 2013? says Henrik Furhoff, CEO IPCO AB.

“Through the acquisition, we strengthen our technology base and intend to further develop the global business for these products in the Powder Paint segment,” says Johan Sj?gren, Managing Director for IPCO’s Equipment Division.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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