SANT’ILARIO D’ENZA, Italy (Feb. 3, 2017)—Interpump Group announced the acquisition of 100 percent of the Inoxpa Group, headquartered in Spain, a manufacturer and seller of process equipment and flow-handling systems for the food, cosmetics and pharmaceutical industries.
The acquisition significantly widens and integrates the products of the Interpump’s Water-Jetting division, which will now be able to supply—besides Bertoli-branded homogenizers—a wide range of pumps, valves, mixers, processing systems and accessories, entirely manufactured in stainless steel and compliant with the strict requirements of the food industry, according to a statement from the company.
Headquartered near Girona (north of Barcelona, Spain), Inoxpa makes more than 75 percent of its sales through 20 branches in 18 countries abroad, which will further reinforce Interpump’s international footprint, according to the statement.
In the fiscal year 2016, the Inoxpa Group registered sales of nearly 60 million euro, with earnings before interest, tax, depreciation and amortization (EBITDA) of 11.5 million euro, corresponding to 19.3 percent of sales, according to the statement.
The agreed price was 90 million euro, corresponding to 76 million euro of enterprise value plus a 14-million positive net financial position, the statement said.
“The acquisition of a solid, international company like Inoxpa significantly widens the scope of synergies and our opportunity horizon in the food, pharma and cosmetics markets,” said Fulvio Montipò, Interpump Group’s president and CEO.