# Gulftech International acquires ABL S.r.l.

Gulftech International acquired ABL S.r.l., an Italian designer and manufacturer of fruit processing machinery. The Ascari family reinvested in Gulftech with a minority stake.

- Type: Acquisition
- Announced: 2019-07-11
- Where: Cavezzo, Modena, Italy
- Status: completed
- Products: fruit processing machinery
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Gulftech International](https://endata.com/companies/40557.md) (acquirer)
- [ABL S.r.l.](https://endata.com/companies/40558.md) (target)

## Sources

- [livingstonepartners.com](https://livingstonepartners.com/en/transaction/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international/), 2019-07-11: "The transaction marks the culmination of a journey that began a few years ago when Itago became a shareholder."

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