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Asco Pompe acquired the majority of shares in Mencarelli Pompe e Valvole of Bresso, near Milan, to broaden its fluid handling product portfolio. Guido Mencarelli stays as chairman and retains part of the shares.
“Asco Pompe Srl... is proud to announce the acquisition of the majority of the shares of the Mencarelli Pompe e Valvole Srl, headquartered in Bresso (Milan – Italy).”ascopompe.com
Summarized from public sources; check the original articles before acting on it.