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Interpump acquires Spain’s Inoxpa Group

Italy’s Interpump Group has bought the Inoxpa Group, the Spanish manufacturer of process equipment and flow handling systems for the food, cosmetics and pharmaceutical industries.

Headquartered in Banyoles, near Girona, Inoxpa had sales of nearly €60 million in fiscal 2016, and EBITDA of €11.5 million. Products include stainless steel pumps, agitators, blenders and valves.

The agreed price was €90 million, corresponding to €76 million of enterprise value and a €14 million positive net financial position.
 
“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 president and CEO.

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Food & Drink  •  Pharmaceuticals & Biochemicals

 

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