# Glenalta acquires Cft Group for €96.5M

Glenalta has taken over Cft Group, an Italian machinery manufacturer for the food and beverage industry, with an equity value of €96.5 million.

- Type: Acquisition
- Announced: 2018-03-05
- Where: Parma, Italy, Italy
- Value: $119.0M (96.5M EUR)
- Status: announced
- Products: machinery for food and beverage industry, complete lines, turnkey systems
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [CFT Group](https://endata.com/companies/3629.md) (target)
- [Glenalta](https://endata.com/companies/30380.md) (acquirer)

## Sources

- [efanews.eu](https://www.efanews.eu/item/2329-glenalta-takes-over-cft.html), 2018-03-05: "Cft has been assigned an equity value of € 96.5 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.