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2/17/2003
Sacmi e Catelli buys Fbr Elpo

Press release

Fbr Elpo is active in the industrial machinery field and has two main divisions: the food processing division and the aseptic division. Sacmi e Catelli, a holding company which owns shares in companies producing machines and complete plants for the foodstuff industry, has now gained control of Fbr Elpo, a Parma-based company specialising in the production of machines for aseptic foodstuff processes. This transaction – valued at € 5 million – was completed by Catelli holding ceding 58.5% of Fbr Elpo; simultaneously, the capital stock of Sacmi & Catelli was increased. In 2002 Fbr Elpo achieved total sales of approximately € 15 million, generating profits of €1.5 million.
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