# 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.

- Type: Acquisition
- Announced: 2019-05-09
- Where: San Vendemiano, Treviso, Italy
- Value: $3.36M (3.00M EUR)
- Status: completed
- Products: stretch blow-molding machines, bottle blowing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CFT Group](https://endata.com/companies/3629.md) (acquirer)
- [Siapi](https://endata.com/companies/5000.md) (target)
- [Camerin Holding](https://endata.com/companies/5001.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CFT-S-P-A-36926663/news/CFT-announces-the-acquisition-of-SIAPI-Srl-28569625/), 2019-05-09: "The consideration of the acquisition was set at Euro 3 million."

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