S. Maria di Sala, Italy and Cranberry Township, USA. 31st January 2022 - In accordance with the agreement signed on December 13th 2021, Piovan S.p.A. ("Piovan" or “Piovan Group”) and IPEG, Inc. ("IPEG") announce today that Piovan has completed its acquisition of IPEG by virtue of the merger by incorporation of Sewickley Capital, Inc. ("Sewickley Capital"), the owner of 100% of IPEG into a newly formed Delaware corporation wholly owned by Piovan. The transaction was executed at the values and conditions already communicated to the market on 13th December 2021.
Piovan Group President’s message
23 March 2020 S. Maria di Sala, Venice, Italy
Dear Partners, I would like to update all of our Stakeholders concerning the current operativity of Piovan Group during the medical emergency of COVID-19. Firstly, I want to reassure all of you that any choice and future activity have, as a primary aim, the health and safety of our Collaborators and of our Customers, duly following the regulations issued by the Governments where we operate. All production sites, service & sales companies are operating with continuity.