Penta
Piovan has announced the acquisition of a majority stake in Italian company Penta.
Based in Poggio Renatico, Ferrara, Penta has been in operation since 1993. Over the course of more than two decades, the company has been gaining expertise in the engineering of large systems for storage and the handling of plastics and food materials.
This is a strategic buy-out for Piovan and represents the global plastics processing giant's efforts to complete its range of solutions across the plastics landscape, while also expanding outside of this industry.
Penta will take advantage of Piovan's international network to enhance its global presence. Indeed, Piovan is present around the world with seven production facilities, 23 service and sales subsidiaries and 70 distributors, offering reliable and efficient service to customers wherever they are based.
