Investors

PiovanGroup has finalised the acquisition of 51% of the share capital of FEA Process & Technological Plants S.r.l., a company based in Cuneo, Italy, specialised in the automation of systems for handling and storage of viscous liquids for the food industry. More specifically, the company that has a turnover of 3 million €, is specialised in the installation and production of equipment for the handling of creams of various density values.

“FEA p.t.p. S.r.l. is an industrial company with a long history of operating in the confectionery and chocolate production industry. Filippo Zuppichin, CEO of PiovanGroup underlines that “FEA has expertise in the handling and processing of complex liquid food which integrates perfectly with our proven expertise in the field of handling and storage of food powders. The acquisition of FEA p.t.p. S.r.l. allows us to expand our range of turn-key systems in the food industry and increase our market share”.