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Lu-Ve has submitted a binding, conditional proposal to buy Italia Wanbao ACC (WACC), a compressor maker in administration, to convert it to heat exchanger production. The plan involves about EUR 6 million of site investment and partial absorption of the workforce over three years.
“Lu-Ve has submitted a binding proposal for the purchase of the beleaguered compressor manufacturing company Italia Wanbao ACC srl (WACC).”coolingpost.com
Summarized from public sources; check the original articles before acting on it.