Ahmad Ali Saatnia’s Post

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CEO & Managing Director at KBK Engineering Achievment

Friuli supports Self Group acquisition of the US Avantech Self Groups one of the main companies in Italy is a manufacturer of thermoforming molds for plastic materials, has finalized the agreement to acquire total control of Avantech a leading company in the United States in the design of rotational molds in the plastic sector, and thus expands its business overseas. The operation, with an expected total value of close to 8 million euros, was also possible thanks to the contribution of FRIUL FILIERE spa, the finance company of the Friuli Venezia Giulia Region, which contributed with a total investment of 1.5 million. The acquisition is part of Self Group’s medium-long term strategy, aimed at continuous growth both organically and externally, creating one of the largest groups in the sector which today can count on an aggregate turnover of approximately 14 million euro. In the last 2 years, Self Group has embarked on a process of renewing its machinery, spending more than 2 million euros in the purchase of specific equipment for processing large moulds. Thanks to this investment it was therefore possible to double production, which went from about 450 pieces of equipment to about 950 per year. Read More at: https://lnkd.in/emdy6AAT #Friuli #Avantech #PIMI #PIMW

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