CFT acquires Siapi and strengthens its position in the food & beverage segment

CFT Group, an international leader in the production of turnkey plant and machinery catering mainly for the food & beverage segment, is continuing its growth in the packaging sector.

Image credits: Siapi

The Parma, Italy-based group recently announced its acquisition of the entire share capital of Siapi (Vendemiano, Treviso), a company that specialises in stretch blow-moulding machines for bottles and containers made of PET, PP, PLA and other eco-friendly resins with a particular focus on high-quality two-stage linear stretch blow-moulding machines.

Part of CFT’s strategic plan aimed at expanding and completing its product portfolio for the food & beverage sector, the €3 million deal comes 10 months since the acquisition of Co.Mac (Bergamo), which enabled the group to acquire drum-filling technology.

In 2018, Siapi posted revenues of around €11 million, an adjusted EBITDA of approximately €800,000 and an adjusted net financial position of 0 (cash and debt free).