Clearwater International advises CFT Group in the acquisition of the entire share capital of Siapi S.r.l.
Clearwater International acted as financial adviser to CFT Group in the acquisition of the entire share capital of Siapi S.r.l.
Siapi, headquartered in San Vendemiano (near Treviso), is an Italian company active in the design, production and sale of technological solutions for the market of blowing machines for bottles and containers in PET, PP, PLA and other eco-sustainable resins, particularly focusing on high quality two-stage linear stretch blow-molding machines.
CFT Group, established in 1945 and based in Parma, is a world leading manufacturer of processing and packaging equipment and turnkey systems primarily for the food and beverage industry; CFT Group operates worldwide with subsidiaries in ten countries (Italy, Germany, France, Russia, Ukraine, US, Brazil, India, China, Malaysia). CFT Group, after the business combination with the SPAC (Special Purpose Acquisition Company) Glenalta, occurred in 2018, is listed on the AIM Segment of the Italian Stock Exchange.
Through this acquisition, CFT Group aims to strengthen its competitive positioning in the packaging sector and to expand its product portfolio by entering the market of blowing machines for bottles and containers in plastic.