IMA acquires 60% of Eurosicma's shares

IMA Group’s commitment to strengthening its offer in the sector of machinery for the flowpack and fold packaging sector continues.

IMA-Group-Companies_web.png

On July 25 IMA completed the purchase of 60% of the shares of the company Eurosicma SpA (Segrate, MI) with the Redaelli family, as announced on June 28, 2017. Eurosicma SpA produces and markets automatic machines and systems for horizontal packing in flowpack and fold for the food, cosmetics and pharmaceutical industry.

IMA's financial intervention was approximately 26 million euros, fully paid at the closing. IMA has also signed Put & Call option contracts on the remaining 40% to be exercised by April 2027.

Eurosicma has a positive net financial position of approximately 7 million and for 2017 forecasts revenues of approximately €27 million and an EBITDA of €4.5 million, with good growth prospects also thanks also to the overall support that the IMA Group can provide to the company by integrating it into the Group’s organization.

The transaction was finalized by GCA Altium, as financial advisor to the vendor, and by Poggi & Associati, that also handled the legal and tax aspects for IMA. In the operation IMA also availed itself of the consultancy of E&Y, while the vendors were assisted by the law firm Tonucci & Partners.
 

07/27/2017

Browse the last issue of magazines