Piovan Group has completed its acquisition of IPEG Inc. comprised of the four brands Conair, Thermal Care, Pelletron and Republic Machine.
With a workforce of more than 1,800 employees, 14 production facilities and 41 service and sales organizations the new combined group reinforces its global leadership in the plastic and food industrial automation sectors.
"We are particularly pleased and proud to combine our skills with those of the IPEG Group, which we have always seen with the highest regard, creating the global leader in industrial automation in the plastics sector." - says Nicola Piovan, Executive Chairman of the Piovan Group.
“We are very excited to realize the benefits of our teams working closely together to leverage the strengths of each of the businesses. – says Kirk J. Winstead, CEO of IPEG, Inc. – We see opportunities to improve of our products, localize production, standards, and design for some markets, and expand our sales and service footprint; all with the main goal to better serve our collective customers. It’s a powerful opportunity for the collaboration of talent and technologies.”
Thanks to the acquisition of IPEG, the North American market will become the largest market of the Piovan Group with a weight that will rise to almost half of the consolidated turnover of the Group.
Piovan Group is a global leader in the development and manufacturing of automation systems for the storage, conveying and processing of polymers, bio-resins, recycled plastic, food fluids, food and non-food powders.
IPEG, Inc. is a Delaware-based company active in industrial automation for polymer conveying and processing and industrial chiller manufacturing, with operations and subsidiaries in the US, India, Mexico, Germany, China, Taiwan and Singapore.
