CFT acquires SIAPI Srl, maker of bottle blowing machines

Italian machinery group CFT acquired the entire share capital of Siapi S.r.l., a maker of two-stage stretch blow-molding machines, for EUR 3 million plus a possible earn-out of up to EUR 2.4 million. Siapi recorded revenues of about EUR 11 million in 2018.

“The consideration of the acquisition was set at Euro 3 million.”marketscreener.com

• 1 source
• marketscreener.comCFT : announces the acquisition of SIAPI SrlMay 9, 2019

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