# Piovan acquires majority stake in Nu-Vu Conair

Piovan Group acquired an additional 1% equity stake in Nu-Vu Conair, reaching a collective 51% stake, consolidating its position in India.

- Type: Acquisition
- Announced: 2024-02-08
- Where: Ahmedabad, India
- Status: completed
- Products: blending systems, conveying systems, drying systems, cooling and heating equipment, extrusion control, granulators
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Piovan](https://endata.com/companies/4790.md) (acquirer)
- [Nu-Vu Conair](https://endata.com/companies/41472.md) (target)

## Sources

- [ecoplasticsinpackaging.com](https://ecoplasticsinpackaging.com/mergers-acquisitions/piovan-acquires-majority-stake-in-nu-vu-conair/), 2024-02-08: "We strongly believe in the potential of India, a market that will grow more than any other in the next years."

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