Pavan takes over GBS Group
With the takeover of GBS Italian Pavan Group expands its activities and becomes the main company in the sector able to provide a broad range of technology and equipment, from flour milling right up to product packaging.
The Pavan Group, leading manufacturer of plants and systems serving the Food Processing Industry, has successfully closed the acquisition negotiations and is now owner of the GBS Group.
This group of companies was founded by the merger, back in 2000, of three important names (Golfetto, Sangati and Berga), specialists in the flour milling market and in grain storage and handling terminals.
The new Pavan business venture, registered under the name Golfetto Sangati Spa, will offer equipment and systems for flour milling and animal feed industries as well as extending its business across a number of applications for grain storage and handling terminals satisfying requirements relating to in-loading and out-loading of bulk products by ship.
Another important new business branch will be plants and systems for producing biofuels.
The product lines will be marketed under the three original names serving world industries Quality Italian Engineering in the cereal milling market. Headquartes will move to Quinto di Treviso.
An investment plan will be implemented to expand the existing production sites in Manfredonia, Italy and in Beijing, China.
Receivership
The Pavan takeover means the GBS Group is no longer in administrative receivership, a satisfying result for everyone – Pavan, Trade Unions and the Ministry for Economical and Industrial Development.
All are confident that this move will allow Golfetto Sangati to continue production and supply the current work orders being processed and in the short term to overcome the current financial setbacks.
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